I had a child on April 26, 2013, and I am wondering when I need to change/update my tax documents at work? And who should make the change me or his father, meaning does it matter based on income or any other status that would be more beneficial come tax return time?
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Tax Professional Answers
Harrison Lazarus
If your question is: Do you need to file a new Form W-4 (www.irs.gov/pub/irs-pdf/fw4.pdf)? Then the answer depends on whether you prefer to receive a tax refund or pay taxes due when you file your 2013 income taxes next year. Doing nothing now is the simplest answer, least work and most likely you will receive a tax refund next year. If you prefer to pay taxes next year, then see www.irs.gov/pub/irs-pdf/f1040es.pdf for more information on how to do that.
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562 weeks ago