The new version of Form W-4 was updated to be in line with the Tax Cuts and Jobs Act (TCJA) that was passed in 2018. The form has been simplified, and certain sections have been removed. If you want to update your federal income tax withholding, here's w
you’ll likely qualify for more deductions and a lower tax rate. Conversely, if your filing status changes from married to single, you may lose many of your tax benefits. Regardless
It helps to know how withholding works before you fill out your W-4. Your federal income tax withholding is based on the filing status and number of allowances that you claim on your W-4. Single filing status generally puts you in a higher tax bracket than married. The more allowances ...