ItsAllJustMalarkey t1_ja420qz wrote on February 26, 2023 at 6:12 PM

Reply to comment by empteevessel in LPT: If you get a second job, you might need to adjust your tax withholding. Otherwise you'll probably owe a lot at the end of the year. by weluckyfew

The W-4 system has changed. The “0, 1, or 2” system is no longer how its done. This changed in either 2019 or 2020.

Download the 2023 W-4 form and read through it. You’re now required to indicate the actual dollar amount you want withheld, and luckily there is a super confusing worksheet you can use.

Its so confusing that most people I onboard just leave it blank and sort things out at the end of the year when they file.

empteevessel t1_ja42tsv wrote on February 26, 2023 at 6:17 PM

Thanks for this info, I had no idea there’s a new system now.

ItsAllJustMalarkey t1_ja43kkq wrote on February 26, 2023 at 6:22 PM

Just our government making things unnecessarily complicated. We all had the old system down… so of course they had to shake it up.

HR isnt legally allowed to help you fill out the form either. I always tell people to just put whatever, or leave it blank if they want. And then give them an extra form to take home, and bring to their CPA. You can resubmit a new one and negate the old one whenever you want.