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Get your taxes done using TurboTax
thank you so much - this is helpful! when calculating it out myself, should I be subtracting the standard deduction (or itemized deductions) I plan to claim? For example, let's say my salary is $200,000 for the year in total and with deductions each paycheck, my federal taxable wages are $175,000. Before I use the tax brackets to determine if I'm having enough taken out, should I subtract $12,500 and calculate my tax liability based on $162,500 (or is tax liability based on the federal taxable wage amount of $175,000).
Again, these numbers are made up and I just want to make sure I'm not missing a step!
‎August 3, 2022
11:03 AM