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You can start this week. What Is a W-4 Form and Why It Matters The W-4 form is officially called the Employee’s Withholding Certificate, and it’s what you give your employer so they know how much federal income tax to take out of each paycheck.

By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for federal and state taxes. With that in mind, here are some options to be aware of.

Proper tax withholding now is key to avoiding surprises when taxpayers file next year. Making any needed adjustments early means taxpayers won’t have to make a big change later in the year to catch up The IRS Tax Withholding Estimator is a free online tool that helps workers,