This is the W4 Explained on how to set the W-4 tax form in order to get a refund, break-even, or even a tax balance due when you do your tax return.
The W4 tax form 2020 is a revised form compared to the 2019 W4 tax form. In the 2020 W4, there are no more such things as allowances. The W-4 2020 eliminated this system. And it will not reappear in the W4 tax form 2021 either. So in this video, we're going to show you how to fill out a W4 form to get your desired results for when you do your tax return.
So this is a more in depth video about the 2020 W4 explained rather than a tutorial on how to fill out a W-4 tax form.
If you want to set up the W-4 to get a big refund, then we'll show you how to fill out a W-4 form in order to achieve that result. If you want to know how to fill out a W4 form to under pay your 2020 tax or your 2021 taxes, then we'll help you with that too.
We hope you enjoy this video about the W-4 explained and I hope this helps you with your 2020 taxes and also your 2021 taxes.
Sincerely,
The ClearValue Tax Team!
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