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This video tutorial explains the IRS Form W-4 and how you can control your taxes to decide if you want a bigger paycheck or a bigger tax refund. It covers filling out personal information in Step 1, including name, social security number, address, and filing status. Steps 2 through 4 are completed based on individual circumstances. An example of someone earning $100,000 is provided to demonstrate how to control taxes. It emphasizes the importance of understanding and accurately completing the form to manage taxes effectively.