Hey, what's going on guys? It's Mike here from Money and Life TV, along with my sidekick Chipper. Today, we're excited to share the final part of our W-4/tax withholdings series. In this video, you'll learn how the IRS withholdings calculator works through an actual on-screen example. It won't take long, and once we get the results, we'll analyze them and understand what they mean. Additionally, we'll see how to determine if we're on track with our withholdings by looking at our pay stub. If we find that we're behind on our taxes, we'll discuss what to do if we don't want to change our W-4. Let's jump into today's video! This is the third and final part of our W-4/tax withholding series. In part one, we discussed how the W-4 affects your paycheck and tax withholdings. Part two focused on a wage projection worksheet that I created, which you can find linked in the description. I encourage you to check out the comments and description section for important links to parts one and two. Combined, these three parts provide about an hour's worth of educational content to help you master your tax withholdings and W-4. Don't miss out on the opportunity to learn and improve your financial situation. Now, let's take a look at an example. In part two, we used a spreadsheet to walk through the full process. Today, we'll apply those numbers to the IRS withholdings calculator. So, let's get started! I'm opening up the IRS website, IRS.gov. Though I'm a CPA, I confess I'm not a fan of navigating the IRS website. However, it's important to go through this process to ensure we're withholding our taxes correctly. You can find a link to the withholdings calculator in the description section, so no need to search for it. On the...
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Video instructions and help with filling out and completing Fill Form 8865 Withholding
