ilmscore | Prediction Details
"you do not want to be under withholding your taxes because if you do then you're gonna find out that you have a tax balance to do when you do your tax return and you also might be subject to penalties and on the flip side you do not want to be wildly over paying your taxes you don't want to be paying too much taxes because if you do yes you'll get that refunded back to you if you if you withhold more than you should have you'll get that refunded back to you when you do your tax return that's where your refund comes from however that's like giving an interest-free loan to the government so rather than you just over paying your taxes and waiting for you to recoup that by doing your tax return it's better for you to have that money in your hands in your pockets during the course of the year so you do not want to set the w-4 to under withhold you do not want to set it to over withhold you want to try to get just rights so that's what we're here to do"
By ClearValue Tax | December 17, 2019 | Pending
From video
How to fill out a W4 Form 00:00:35 - 00:01:27
Interpreted Prediction
It's crucial to accurately withhold taxes on the W-4 form to avoid underpayment penalties or overpayment, which is like an interest-free loan to the government.

Prediction Details

Topic
Tax Withholding Accuracy

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