Use your best estimates for the year ahead to determine how to complete Form W-4 so you don't have too much or too little federal income tax withheld.
The Tax Withholding Estimator is a helpful tool that allows you to make an estimate for the upcoming year and determine how to accurately complete Form W-4. By using your best estimates of income, deductions, credits, and other factors, the estimator helps ensure that you have the appropriate amount of federal income tax withheld from your paycheck. This way, you can avoid having too much or too little tax withheld, providing a better balance when it comes to your tax obligations. It's essential to use this estimator to help you plan your withholding and ensure you meet your tax obligations accurately.