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W-4 tax form informs the employer about the amount of federal income tax to withhold on the paycheck of an employee. It is not submitted to IRS but it is retained by the employer, as a guide to payroll processing. The form takes into account the factors like the dependents, deductions, second employment, and other income. It can be fully settled to be sure that you do not have to pay unexpected taxes or pay too much during the year. Due to the revision of the W-4 form to omit the allowances, employees are required to provide some numbers rather than claiming numbers. It is better to check your W-4 on a regular basis to enhance your general tax planning. W-4 Tax Form