Whether you're filling out paperwork for a new job or got an email notification from HR, you might have noticed that the W-4 form changed from what you might have been used to. This will adjust your withholding by accounting for the tax impact of the Child Tax Credit and the other dependents credits. If you work one job or hold the highest paying job in your family and you have dependents, claim your dependents in Step 3 of the new form.If you work multiple jobs at the same time or are Married Filing Jointly and both you and your spouse are employed, you should fill out a new Form W-4 for each job.As before, you’ll need to provide your first and last name, Social Security number, home address, and filing status (Single, Married Filing Separately, Married Filing Jointly, or Head of Household).Form W-4 changed because the Tax Cuts and Jobs Act removed personal exemptions, increased the Standard Deduction, and made the Child Tax Credit available to more people.
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