When Form 8655 Withholding 2024

Today, we're gonna be talking about filling out the W-4. Today, we're gonna focus on the single tax filer who has one job and has no dependents. My name is Travis Sickle, certified financial planner with Sickle Hunter Financial Advisors. Okay, before we get started, it's important to note that this video for the W-4 is specifically for the single taxpayer who has no dependents. So, if you're not taking care of any children and you don't have any dependents such as parents or grandparents or other family members living with you, and nobody depends on you financially, this video will be for you. Also, if you're not a dependent of anybody else, even if you're living at home, as long as your parents aren't supporting you financially, then this video is gonna help you fill out the W-4. Okay, this is the W-4 form and we'll put a link down at the bottom if you don't already have one. This is the 2017 version and you can still use it even though it's 2018. The IRS has said that they'll make it so any of the employers that have the W-4 2017 version on file will be able to convert that into the 2018 version. Right up here, you can see the purpose of the W-4 and it's to complete the W-4 so that your employer can withhold the correct federal income tax from your pay. So, this is going to affect each and every single paycheck that you receive and you're gonna see withholdings come out of those checks. Primarily, today's focus is going to focus on this middle section right here on page one and it's gonna be the personal allowances worksheet. We're going to go ahead and jump right in to line A. Answer one for...