Personal Finance and Budgeting Project

Taxes for Teens Project

The resources below are part of the Taxes for Teens Project which you can find here.

Complete a W-4

Form W-4 Simulator

Form W-4 ()

Employee’s Withholding Certificate

OMB No. 1545-0074

Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. Give Form W-4 to your employer. Your withholding is subject to review by the IRS.

This simulator is for educational purposes only and does not replace the official IRS Form W-4.

Step 1: Enter Personal Information

First name and middle initial	Last name	Social security number
Address (Number and street)		Does your name match the name on your social security card? Yes No
City or town, state, and ZIP code
(e) Filing Status Single or Married filing separately Married filing jointly or Qualifying surviving spouse Head of household

Step 2: Multiple Jobs or Spouse Works

Check here if you (1) have more than one job at the same time or (2) are married filing jointly and your spouse also works.

Step 3: Claim Dependents

Dependents under age 17 (multiply number of qualifying children by $2,000)

Other dependents (multiply number of other dependents by $500)

Step 4: Other Adjustments (Optional)

(a) Other income (not from jobs) – if you want tax withheld from other income you expect this year

(b) Deductions – if you expect to claim deductions other than the standard deduction

Step 5: Sign Here

Signature:

Date:

Disclaimer: This is a simulated W-4 for instructional use only. The actual W-4 is available at IRS.gov. Estimated withholding calculations here are simplified and do not represent official IRS tables.

How to Set a Budget and Stick to It

Download the Monthly Budget spreadsheet

Taxes for Teens
Project

Taxes for Teens Project

Complete a W-4

Your W-4 Simulation Results

How to Set a Budget and Stick to It

Products

Resources

Support

Taxes for TeensProject

Taxes for Teens Project

Complete a W-4

Your W-4 Simulation Results

How to Set a Budget and Stick to It

Products

Resources

Support

Taxes for Teens
Project