When I use the turbotax W-4 calculator, it says I will owe $231 (W-4 Calculator | IRS Tax Withholding Calculator 2024-2025 | TurboTax (intuit.com)). When I use the IRS W-4 calculator, it says I will get a refund of $13,694 (Tax Withholding Estimator - Results | Internal Revenue Service (irs.gov)). The former is probably more accurate considering that's about how much I owed when I filed my taxes this year, but I just want to know what I should be putting in my W-4 so I break even instead of owing money.
You'll need to sign in or create an account to connect with an expert.
Thank you for the question. Well there is a big difference in the calculator results. I would tend to agree with you on the result from the former being correct. Depending on your total taxable income a $231 owe is quite small. You could choose to adjust your W-4 for that projected owe or add some for a cushion. You would then enter that amount in Box 4 (c) after dividing it over the remaining pay periods for the tax year.
Be well and safe @wmjo98 and for the shout out for the Turbo Tax calculator. That is greatly appreciated!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
wmjo98
Level 1
natalie-rosario7
New Member
deleytommy-gmail
New Member
landonlawrence99
New Member
rcut31635
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.