You probably know that Forms W-2 and W-4 are related to income taxes. And chances are you've filled out a W-4 form at least once and have received a W-2 form from your employer every year. But do you really understand the purpose each form serves?
As the end of the year approaches, it's time to consider strategies that could help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax situation. This is particularly true for year-end planning. You can't know where to go next if you don't know where you are now.
