As millions of taxpayers rush to the post office tonight to get their tax forms in the mail, I want to stress again the importance of filling out one more form. No, not an extra 1040 or Schedule D or Schedule SE or even an amended 1040X.
Millions upon millions of taxpayers can put more money in their pockets starting next payday by filing a new W-4 form with their employers. The W-4 is the form that controls how much federal income tax your boss takes out of your checks each payday for the IRS. The higher than ever number of record-sized refunds issued by the IRS this spring is proof positive that millions of us let the government dip too deep into our paychecks each week.
Filing a new W-4 is an powerful weapon to bring that to an end.
We've created a special calculator to give you a solid idea of the instant gratification you can enjoy by filing a new W-4. Check out our easy withholding calculator, and take a few minutes to give yourself a raise.