Tax
Tax Withholding Strategy
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Author
Predicted at
Status
Video
To achieve a large tax balance due (meaning no taxes withheld and owing a significant amount at tax time), one should write 'exempt' in step 4C of the W-4 form.
"under step 4 C you need to write in exempt"
Jan 26, 2020
Pending
Writing 'exempt' in step 4C of the W-4 form will result in a large tax balance due when filing taxes.
"under step 4 C you just write in exempt and that will lead you it's a big bout a big tax balance do ..."
Jan 26, 2020
Pending
The value entered in step 3 of the W-4 form determines the reduction in federal taxes withheld from your paycheck throughout the year.
"the number that you in puts in step 3 will be how much less in taxes in federal taxes that they will..."
Jan 26, 2020
Pending
Entering '$1,000' in step 3 of the W-4 form will result in $1,000 less in federal taxes being withheld annually.
"if you write in a value of 1,000 in step three then they will withhold from you a thousand dollars l..."
Jan 26, 2020
Pending
To have more taxes withheld per paycheck (contributing to a small refund), one should enter the desired additional withholding amount in step 4C of the W-4 form.
"on step four C you need to write in the value of how much more in taxes that you want withheld per p..."
Jan 26, 2020
Pending
To achieve a small refund, enter the amount you wish to overpay per paycheck in step 4C of the W-4 form.
"on step four C per paycheck right in how much you want to overpay"
Jan 26, 2020
Pending
To receive a larger tax refund, a higher value should be entered in step 4C of the W-4 form, leading to significant overpayment of taxes throughout the year.
"you're just putting a higher value in 4c that way your way over pain and then you would get up much ..."
Jan 26, 2020
Pending
Receiving a large tax refund means more taxes were withheld than necessary, and it's preferable to have that money throughout the year rather than as a lump sum refund.
"Well, if you are receiving a huge refund, that's not a big deal, my son. Well, I'm not going to deny..."
Jan 12, 2020
Pending
Deducting too little in taxes can lead to owing money and potential penalties when filing a tax return.
"And also, if you deduct less than you should, you could end up owing money when you file your tax re..."
Jan 12, 2020
Pending