The video discusses how to update an IRS Form W4 for one job while having multiple jobs. The online estimator is recommended to obtain the necessary numbers. The anticipated tax obligation and the projected amount owed are important numbers needed to calculate the adjustments needed to be made. One must be aware of the standard withholding amount for the job to accurately calculate the extra withholdings. It's a good idea to reenter the numbers in the estimator after the next paycheck to ensure accuracy. Understanding how taxes work is essential, and one should not assume the projected amount owed is the exact amount to withhold.

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