How do I change my W4 tax form elections?

Assistance with Tax Forms and changing tax elections on your W4 for year end tax forms requires several steps. Here's a general overview:

1. Obtain a New W4 Form: You can get this form from your employer's Human Resources department, or you can download it from the IRS website.

2. Review and Fill out the Form: On the W4, there are areas to enter personal information, claim dependents, and make additional income adjustments. Determine the number of allowances you're claiming, remembering that the fewer allowances you claim, the more tax will be withheld from your paycheck. The more allowances claimed, the less tax is withheld.

3. Submit the Completed W4 Form to Your Employer: After you fill out the form, return it to your employer. Once they receive it, they'll adjust your withholding amount on future paychecks.

Remember, circumstances that might necessitate adjustment to your W4 include marriage, divorce, birth or adoption of a child, buying a home, significant changes to your income, changes in tax laws or starting a new job. If you are unsure about how to fill out your W4 or need tax advice, you may want to consult a tax professional to ensure the appropriate withholdings.

Also see Obtaining Year-End Tax Forms HERE.