Megaphone

It’s easy to switch. We’ll even set you up for free

Terms and Definitions

What is a W-4 Tax Form?

Updated: February 26, 2022

W-4 definition and meaning

A W-4 tax form is an IRS document that every new employee completes. It is used to determine what taxes should be withheld from their pay by a new employer.

 

More about W-4 tax forms

Last revised in 2020, the current W-4 uses a five-step process for determining employee withholding. Not only should it be filled out when an employee is hired, but also any time their life or financial situation changes.

Using W-4 in a sentence

“When I changed jobs, I decided to claim myself as a dependent, not realizing it would mean I’d owe taxes at the end of the year.”

Terms related to: W-4 Tax Form

Articles and resources related to: W-4 Tax Form

    LET’S DO THIS

    It’s easy
    to get started

    Try OnPay out yourself to see how easy payroll and HR can be. To get started, just share a few basic details about your business. Our team of pros will set everything up and import your employees’ information for you.