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Video instructions and help with filling out and completing Irs.gov refund
Instructions and Help about Irs.gov refund
Today I'm gonna talk about how to fill out the IRS Form w-4 to get a bigger refund that's exactly what I'm going to go over today so we're gonna go through the online version but I'm gonna point out something so you can possibly get more money back if there's your first time at our channel or you haven't subscribed click on the subscribe button at the bottom my name is Travis sickle certified financial planner with sickle hunter Financial Advisors I'm gonna start I'm gonna go through the online version really quickly to show you what the w-4 looks like on the online version and then I'm gonna compare it to a tax return so you can see how we can get a bigger refund we're just knowing a little bit of information and a few adjustments we might be able to get you a little bit more money back in your paycheck or a bigger refund at the end of the year so let's look at the online version okay so I'm gonna go through the online version right here and we have it up on the screen I'm gonna check off married filing jointly no one can claim us as a dependant click continue the first part over here is how many jobs you have if you have one if you have two if you and your spouse hub that each have one put two so it's the total amount of household jobs that you have so we're just gonna stick with one for simplicity and if you have a 401k again you can check it off but we're gonna go right down to the bottom click continue and we're gonna enter in an income so I'm going to put in 39,000 but whatever your income is put for any bonuses if you have bonuses put them in there and if we didn't withhold anything if we didn't withhold anything there we go scroll to the bottom you can fill this out according to how you get paid so if its weekly it's every two weeks twice a month or monthly go ahead and check that off we'll just put twice a month and we'll put January first because we're gonna have this job the whole year so you put January 1st to December 31st and then we're going to move forward now this section down here right here the adjustment section I want you to pay attention to it we're going to start off with putting in there so we're not gonna we're not gonna save anything what this this is specifically for the traditional IRA its deductable IRA okay it's the part that's deductible so we're gonna click continue for a second go to the next page click continue again we're gonna take the standard deduction of 24,000 okay so here we can see that our tax liability it for 2022 is an estimated one thousand five hundred and three dollars.