Additional

worksheets are included for taxpayers who itemize deductions, claim certain

credits and adjustments to income, have two jobs or whose spouses are

also employed.

Once you have

completed Form W-4, you can compare the number of allowances to the number

you are already claiming. If the number is different, you should submit

a new Form W-4 to your employer(s).

Your employer

must put your new Form W-4 into effect no later than the start of the

first payroll period ending on or after 30 days following the date you

gave your employer your revised form. If the change applies to next year,

your new W-4 will take effect at that time.

For some taxpayers,

choosing the optimal amount for federal tax withholding can be a challenge.

A CPA can help you adjust your withholding so that it more closely matches

your projected tax liability for the year. This will enable you to put

the additional money in your paycheck to better use.

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