Basic Explanation of W-4 tax Form

Summary: Benjamin Franklin, one of the most authoritative of our Founding Fathers, has said that there is nothing certain in this world but “death and taxes.” Taxes were a big part of government operations as early as the Pharaohs of Egypt in 3000 BCE. In Feudal Europe, taxes came in many forms, including the scutage, tallage, tithe, and danegeld. The scutage was money that could be given to excuse a feudal lord from offering military troops to his lord, the standard price of being a vassal in the Middle Ages. Tallage was a monetary tax received from dependents. Tithes, usually of 10% gross income and enforced at varying levels of severity, were requested by the Church, built on the example of Abraham giving ten percent of his wealth to Melchizedek in the book of Genesis. The danegeld was money Medieval rulers demanded for landowners to have their territories protected from invading Danes and Vikings.

In this free video series, CPA Tom Noah tells you all about filling out a W-4 tax form for your employment withholding. You will learn what the W-4 is, why it is used, and how to fill it out. Tom leads you through personal allowances, the IRS Calculator website, and what you do for households with multiple earners or multiple jobs. It's all here!