Hai Tax Services Inc

W4 (2023) - Single or Married Filing Separately

Tax Return Filing Status: Single, Head of Household, or Married Filing Separately:

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• • Step 1:​​​

    • First Name

    • Last Name

    • Social Security Number

    • Address

    • Check the Box "Single or Married Filing Separately"

      • Even if you filed Head of Household during tax season, I would still recommend this option to allow extra withholding.​

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• • Step 2 (Skip if you work only work one-job at a time)​: ​

    • Check this Box if you are working TWO or more jobs at the same time​ simultaneously.

    • This option will allow your company to take extra taxes out for BOTH jobs. It will help you avoid owing at the end of the year.

    • Please turn in this form for BOTH companies that you're working with

    • Click here for W4 if you work 2 jobs

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• • Step 3 (Optional and Only if you claim children or dependents on your tax return)

    • You normally get $2,000 Child Tax Credit for each child under 17 and $500 for child or dependents 17 and older

    • If you want your receive more money upfront on your paycheck and break-even at the end of the year OR you might even end-up owing. 

      • Fill out amount = $2000 x ( # of children under 17 that you have)

      • Fill out amount = $500 x ( # of children 17 and older or other adult dependents)

      • I don't recommend that you're claiming the children on your paycheck​ as a way to save and get more tax refunds during tax seasons.

    • If you want larger tax refund at the end of the year, then you can put $0 for all the boxes in this step.

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• • Step 4:​​​

    • If you owe the previous year or get very little tax refund, while claiming 0 dependents already, then I would recommend $20 - $40 EXTRA Withholding per pay period.

    • Since 2018, there's a new withholding table and they don't take enough taxes out like before; therefore, I would recommend you to let them take a little bit extra out so you can have some cushions at the end of the year and will ensure you won't owe.​

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• • Claim EXEMPTIONS ( DO NOT check this box)

    • Sometimes when you fill out this form online, it asked if you want to Claim Exempt from Federal withholding

    • NEVER check this option, it will cause the your company not to withhold tax during the year ​and you will end up owing a lot of money during tax season.

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• Click here for W4 if you work only 1 job at a time.

• Click here for W4 if you work at 2 jobs at the same time simultaneously.

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