What is a w4-form?

Answer 1

A W-4 form, officially known as the Employee's Withholding Certificate, is a document used in the United States by employees to indicate their tax withholding preferences to their employer. By completing this form, employees can specify the amount of federal income tax to be withheld from their paychecks based on their filing status, number of dependents, and other factors. This helps ensure that the right amount of tax is deducted throughout the year, potentially reducing the risk of owing money or receiving a large refund when filing their annual tax return.