What may employees request on their W-4 regarding tax withholdings?

Employees have the option to request additional tax withholdings on their W-4 form. This is particularly relevant for individuals who anticipate that their tax liability will be greater than the amount typically withheld based on their filing status and number of dependents. By opting for additional withholdings, employees aim to avoid a tax bill when they file their income tax return or decrease the chance of underpayment penalties.

The ability to adjust withholdings allows employees greater control over their finances and helps them tailor the amount of money deducted from their paychecks to better align with their personal tax situation. This can be useful for those who may have other sources of income, such as freelance work or investments, that could result in a higher tax obligation.

While employees can also choose minimal withholdings, claim exempt status, or rely on standard deductions when filling out the W-4, requesting additional withholdings directly addresses their need to ensure that enough tax is paid throughout the year in alignment with their estimated tax liability.