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welcome back to our Channel clear value tax my name is Brian Kim Im a certified public accountant and in todays video were gonna walk you through the w-4 form 2020 this is the most updated and newest version this is completely different than the w-4 form 2019 so this is brand new so lets walk through this line by line on the form but let me preface very quickly by just saying that this form the w-4 this is what determines how much taxes to withhold from each and every one of your paychecks so you do not want to be under withholding your taxes because if you do then youre gonna find out that you have a tax balance to do when you do your tax return and you also might be subject to penalties and on the flip side you do not want to be wildly over paying your taxes you dont want to be paying too much taxes because if you do yes youll get that refunded back to you if you if you withhold more than you should have youll get that refunded back to you when you do your tax return thats w
