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Video instructions and help with filling out and completing w 3ss
Today we're gonna talk about how to fill out the w-4 when you get a new job this is a question that we had by a viewer and if you have questions be sure to leave them in the comments and I'll answer them in future videos and this is your first time at our channel or you haven't subscribed be sure to click on the subscribe button at the bottom my name is Travis sickles certified financial planner with sickle under financial advisors I'm gonna put this up on the screen in just a minute and walk through the online version of the w-4 I'll also put the link at the bottom so you can follow along now the part that I'm going to point out I'll point it out this is gonna make a huge difference if you're changing a job and it's not January 1st this is gonna change how you fill out the w-4 okay so let's put this up on the screen and let's look at this together so here at the top fill out which ever applies to you whichever tax filing status that you apply for this is what you're gonna check off I'm just gonna check off single to make it quick and easy can someone else claiming as a dependent on his or her tax return no let's go to continue so if you are single and you only have one job that's probably why you're here so just make sure at the very top we're gonna leave it as one job that's one job right there at the top right here at this check box number one that should stay the same if you have any child or dependent Care Credit so go ahead and check them off child tax credits I'm gonna skip over the second section right here and just click on continue now here is where it's important to understand when you change a job and it's not January 1st because this is where it's gonna make a little bit of a difference so first we're gonna put it enter the gross wage salary and tips you expect to receive in 2021 why is this so important if you are on a 40 or 50 or $60,000 a year job understand that's a year that's not for the rest of 2021 so you need to make sure you're doing the math based on what you're gonna earn for 20:18 Silva July 1st and you're making $40,000 a year it's only going to be $20,000 for 2021 because you just started this job July 1st if you've had a job previously there was probably a w-4 attached to those payments and you've withheld so this is only looking at the job that you have right now if you have multiple jobs right now again it's gonna be a little different what we're focused on here in this video is looking at if you changed a job or.