The W-4 helps your employer figure out how much money to keep from what you earn. That money is set aside for federal income, Social Security along with state and local income taxes.

How you fill out Form W-4 determines how much your employer withholds for taxes. You need to get it right so you don’t end up ...

Filing or updating your W-4 form this tax season is an important step in managing your financial health, but not always.