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Form W-4 is crucial to employee tax reporting and employer withholding. This form got a major overhaul from the IRS in 2020, but there are some updates for 2023 as well. And many employees don’t know how to fill out Form W-4 correctly—which can lead to an unpleasant surprise when they owe more taxes than expected.
So, here’s a step-by-step guide to filling out Form W-4 in 2022 and 2023, including what it is and who’s required to complete it.
