Form W-4 for 2024: All You Need to Know

IRS Form W-4 or Employee's Withholding Certificate records the correct federal income tax withholding amount of employees. The components of Form W-4 generally include basic directory information like name, address, contact information, etc. Additionally, information regarding an employee's financial status is recorded elaborately. Through this session, participants will gain an enriching perspective on Form W-4 for 2024, a step-by-step process to fill out the form, and miscellaneous aspects of the IRS Form W-4. It also includes recent changes in the W-4 Form, the requirements for completing the form correctly, handling non-resident aliens, state equivalent forms, record retention, and processing the form electronically instead of on paper.