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Old 08-27-2021, 02:49 PM
 
317 posts, read 842,499 times
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I’m changing job this year (haven’t changed in 5 years) and see online that there was a revamped W4 form. I dont quite understand the details, but apparently, it doesn’t let you pick the number of allowances, but instead will just try to take the “correct” amount of deductions……is that correct?

How much is taken out exactly?

I currently claim 0 to deduct as much as I can. Although I still pay out at tax time, I’m fine with that because it’s something I plan for every year.

With the new W4, if it is supposed to take out even more….I’m not sure that’s something I like because I could use the extra money on a monthly basis…….
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