You no longer have to worry about whether to claim 0 or 1 allowances on your W-4, Employee’s Withholding Certificate, because the IRS updated the W-4 in 2020, eliminating allowances. The modern W-4 instead takes your filing status, additional income, and dependents into account to calculate your tax withholding more accurately.

How much you withhold from your paychecks now will have a direct impact on how big your tax refund is, or how much you owe when you file. Plan ahead to get the tax refund you want by working with your local Tax Pro today.

We’re here all year to talk taxes, not just during tax season. Book your appointment today.

Sharon Brucker, CPA Senior Tax Research Analyst Published on: August 06, 2025

*This content is for general informational purposes only. It is not intended to be comprehensive and should not be construed as professional tax or financial advice for any specific individual tax situation. Taxpayers should always consult a qualified professional for individual guidance. This information constitutes a solicitation under the Treasury Department's Circular 230. Most offices are independently owned and operated.