What is the purpose of the w-4 form everfi?

The purpose of the W-4 form is to inform employers how much federal income tax to withhold from an employee's paycheck. This form helps ensure that the correct amount of tax is withheld based on the employee's filing status, number of dependents, and other adjustments. By filling out a W-4 form accurately, employees can avoid overpaying or underpaying taxes throughout the year. It is important for employees to update their W-4 form whenever their personal or financial situation changes to ensure accurate tax withholding.