What is the purpose of the W-4 form?

The purpose of the W-4 form is to provide information to your employer so they can withhold the correct amount of federal income tax from your pay. This form helps ensure that you do not have too much or too little tax withheld from your paycheck, which can affect the amount of taxes you owe or receive as a refund when you file your tax return.

The W-4 form is a tax document that employees fill out to inform their employer how much federal income tax to withhold from their paychecks. The information on the W-4 form is used to calculate the employee's withholding allowance, which is the amount of income that is exempt from withholding. The withholding allowance is based on the employee's filing status, number of dependents, and other factors. The purpose of the W-4 form is to ensure that the correct amount of federal income tax is withheld from the employee's paychecks, so that the employee does not owe too much tax when they file their tax return.