How to Fill Out the New 2020 W-4 Form (VERY DETAILED Examples) (2020 W-4 Explained Step By Step)

How to Fill out 2020 W-4 Form By Paper or using the IRS W-4 App. (This video is loaded with detail to help you learn how the 2020 W-4 Works) (2020 W-4 Explained Step By Step) ***Important please note this video is produced for educational purposes only, and is not to be taken as tax advice of any kind. Your tax situation will almost always differ to some degree*** Free downloadable spreadsheet: https://www.dropbox.com/s/pjbtr7u7y7r78gm/W-4%20Example.xlsx?dl=0 Detailed list of Time stamps for your reference 1:24 Part 1 - START HERE ( The facts for this example) Married filing joint (1:24 - 2:26) 2:27 Part 2 - (2020 W-4 Step 1 )Filling out the 2020 Form By hand) Filling status (2:27 - 4:02) 4:03 Part 2.1 - (2020 W-4 Step 2 Explained 1 of 2 ) (4:03 - 7:26) 7:28 Part 2.2 - (2020 W-4 Step 3) (7:28 - 8:39) 8:40 Part 2.3 - (2020 W-4 Step 2 Explained 2 of 2) (8:40 - 13:00) 13:00 Part 3 - (2020 W-4 Step 4 Explained) (13:00 - 16:22) 16:35 Part 4 - What should spouse do on their W-4? Or if you file single or another status? 18:08 Part 4 BONUS (How your Employer Calculates withholdings) (18:08 - 23:25) 23:30 Part 5 and 6 IRS W4 App and final analysis Other related videos: https://youtu.be/uCFmdlBvQXI - Making tax estimate payments - https://youtu.be/rjTMjAvRyhM - Tax estimate rules explained: https://youtu.be/unzt2dOoYhQ - Calculating tax estimates : https://youtu.be/s-4E1yg5g3g - Tax withholdings: https://youtu.be/qKTYi2Xakx0 Tax Deductions for business owners: https://www.youtube.com/playlist?list=PLSofnwEEZdUyLMYo1U1CntuqT3HsKoCiJ My complete tax video playlist can be found here: https://www.youtube.com/playlist?list=PLSofnwEEZdUwO76397C824IRz5xofXEQz