IRS Form W4 TAX ADJUSTMENT

IRS Form W4 Explained. In this video, I'm talking about the IRS form W4 and how to control your tax withholdings. I'm explaining how to W4 works and how to adjust it for credits or deductions. You can choose to get a bigger paycheck or a bigger tax refund.
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Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you.

TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
CERTIFIED FINANCIAL PLANNER™

twitter: @travissickle

Sickle Hunter Financial Advisors
1646 W Snow Ave.
Suite 144
Tampa, FL 33606
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Information in this video is for educational and entertainment purposes only.
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#travissickle

[cortneysoul]

You’re sitting here smiling telling us this information and we’re still looking like 🤯. I’m just trying to figure out how to take the least amount out of my pay check. This sounds like a math class.

[aaronjohnson]

One thing that drives me crazy about all these tax videos is that you guys never talk about what happens if you don't stay on top of your w-4s. My wife changed jobs last year and never updated her w-4s and this year we learned about the underpayment penalties and got hit with a huge tax bill. I think the focus really should not be on how to get the most money back (especially because that means you're getting money back that you weren't building interest on that you would already earned) but instead, you're focus should be on how to minimize your tax liability.

[MrCrazytatics]

I thought the New W4 was suppose to be easier to understand & DO 😭 this vid sounded like MATH CLASS

[danamissy]

this is way too complicated. my only issue is why can't i have the ability to have the least amount of taxes withheld? what do i do

[tracyalcide]

I’m still lost :-(, I want a bigger pay check, I want to reduce my taxes coming out every check

[alexlee]

Thanks. For those that are anticpating a $7, 500 EV Tax Credit in 2024 for purchasing an EV in 2023, how would I adjust my W4 to get this $7, 500 up front this year? Just add $7500 + $2000 (i have one kid) on line 3?

[SickNastyJS]

Dude just tell me what the heck to put in the box…

[kingsolomega]

We need an example of one filled out just sample numbers so we more or a better idea of what we are working with and what to specifically put down on the form please thank you. Or a quick cheat sheet.

[richdars]

Y'all young kids would have a severe panic attack if you had to do taxes using only books you had to get from the local library or some place during tax season. And wait months for a paper check lol Pre internet days.

[josecastillo]

I want to reduce my refund to boost my paycheck and when it adds a tax credit on line 3 do I need to put anything where it says "multiply the number of qualifying children under 17 by $2000" and where it says "multiply the number of other dependents by $500"? I don't have any dependents btw.

[finurra]

this video is soo helpful omg I was looking at my old pay stubs from 2021 and holy moly I got taxed like crazy, at least 2k a month was taken out of my pay, CA sucks for taxes..so glad I left.

[jenniferhabermehl]

Single no kids.
I need to know how to get the bigger check BUT I DO NOT WANT TO OWE BECAUSE ENOUGH WASNT TAKEN OUT!
so what's the correct way on these lines put 1on 3 and a$amount on 4c?
Thank you

[cameronlewis]

This Tax Estimator is a nightmare if you don't get paper paystubs and your spouse is asleep and you are trying to fill it out for a new job with variable pay. Why on earth is this so convoluted?? I'm not a person who hates change. I'm a person who likes a challenge and trying to figure things out on their own, but this is truly ridiculous. How is a person supposed to do this and not pull out all their hair (or berate their children for breaking their concentration five times) without the help of a tax professional?

[SanDiegoOfficial]

So if I'm not anticipating getting any refund from my tax year, I should adjust this so I owe 7500 to be able to receive the text credit for 2024?

[Under_PressureSW]

Tax estimator is a hunk of garbage. I entered the SAME info 4 times, and got 4 completely different numbers. Typical IRS

[thomashealy]

I have absolutely nothing to claim
No dependents no adjustments no withholdings I’m a single 22 year old guy that works on a farm renting at my friends house.

The estimator said my refund is $757 even though I am trying to get 100% (as close to as possible) of my income in my paycheck

Why if I withhold nothing, and claim nothing, would I be receiving that money at the end of the year instead of during the year.

I’ve been paid in cash till now just barely getting by and now that I’m being taxed that 757 that i don’t get now is going to fuck me over.
My pay is not getting raised in going to have to quit and find a new cash job just to survive on the bare minimum.

[christye]

I did this and it said 19, 000 and some change credit and hr said it’s wrong and wouldn’t process it? Please advise. Commission work plus bonuses

[xPancakeslyf]

so for somone who only makes $20, 000 a year, i dont need to calculate for the $45, 275 x 22% ? do i put my anticipated max annual income? im confused as to where these numbers even came from or when to stop calculating. i also came out with a different calculation then the one the IRS calculated for me. mine was way higher. im so lost.

[judyballeza]

I have been doing uber and papa pal since the first of the year. Now I am getting a job with a W-4 Form and I am lost in what I do.

[KingKatura]

Tax withholding tool is Down. I wonder if its just temporary or if they removed it without actually removing it so people cant do thier taxes as accurately?