07/09/2025
Before you clock OUT today, go to HR and update your W-4! We’re halfway through the year it’s the perfect time to make sure your withholdings are right 👌🏽
If you’re a W-2 employee, this is IMPORTANT 🚨. Your W-4 determines how much federal taxes comes out of your check each pay period.
I’ve seen far too many people end up owing the IRS each year or getting way less than expected because this form wasn’t filled out properly. 😩
SO, follow these steps 👇🏼 and make the proper changes NOW
Step 1: Filing Status Choose Single or Married Filing Separately, or Married Filing Jointly. Tip: Even if you’re married 💍, selecting “Single” increases withholding and can help prevent owing. Don’t select Head of Household unless you truly qualify it can cause too little tax to come out.
Step 2: Multiple Jobs or Spouse Works Check this if you have more than one job 💼, your spouse works 👥, or you usually owe taxes at the end of the year. It helps your withholding match your actual tax bill.
Step 3: Claiming Dependents Play it safe ⚠️. Even if you have two dependents 👶👶, claiming one or even zero will help make sure you’re not underpaying. If you overpay, it just means a bigger refund 💰.
Step 4: Other Adjustments 4a & 4b: leave blank or put “0” unless you have other income or deductions. 4c: enter an extra dollar amount if you want more withheld each check to cover any shortfall.
If you’re married, BOTH of you need to review your forms 💡. It has to be a team effort to make sure your taxes are right.
This by no means is tax advice. Speak with your HR department or a CPA!!
