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mrtea83
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I had a very large tax liability for 2016. this year is "normal" ... so far ... how can I tell if my current federal withholding is enough for tax year 2017?

70 years old / retired / 3 part-time jobs / filing single,  0 exemptions
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I had a very large tax liability for 2016. this year is "normal" ... so far ... how can I tell if my current federal withholding is enough for tax year 2017?

The IRS has a very accurate withholding estimator, if you are patient and provide the detailed information it asks for. https://www.irs.gov/individuals/irs-withholding-calculator

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5 Replies

I had a very large tax liability for 2016. this year is "normal" ... so far ... how can I tell if my current federal withholding is enough for tax year 2017?

The IRS has a very accurate withholding estimator, if you are patient and provide the detailed information it asks for. https://www.irs.gov/individuals/irs-withholding-calculator

I had a very large tax liability for 2016. this year is "normal" ... so far ... how can I tell if my current federal withholding is enough for tax year 2017?

Are you also taking retirement plan RMD's?  Receiving Social Security benefits?
mrtea83
New Member

I had a very large tax liability for 2016. this year is "normal" ... so far ... how can I tell if my current federal withholding is enough for tax year 2017?

yes - social security and a voluntary - minimal - ira withdrawl

I had a very large tax liability for 2016. this year is "normal" ... so far ... how can I tell if my current federal withholding is enough for tax year 2017?

mrtea83
New Member

I had a very large tax liability for 2016. this year is "normal" ... so far ... how can I tell if my current federal withholding is enough for tax year 2017?

thank you "sweetiejean" and "opus17" ... I found "opus17" recommendation more helpful and will revisit it from time to time ... thank you both !!!
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