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Get your taxes done using TurboTax
Thank you for asking. TurboTax also provides a great tool, W-4 Calculator 202, which will help you to find out how much withhold you should have based on the information you enter. https://turbotax.intuit.com/tax-tools/calculators/w4/
After the results from Withholding Estimator, you can decide if you need to change your tax withholding and here is the answer from IRS: https://www.irs.gov/individuals/employees/tax-withholding
"To change your tax withholding, use the results from the Withholding Estimator to determine if you should:
- Complete a new Form W-4, Employee’s Withholding Allowance Certificate, and submit it to your employer.
- Complete a new Form W-4P, Withholding Certificate for Pension or Annuity Payments, and submit it to your payer
- Make an additional or estimated tax payment to the IRS before the end of the year."
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July 27, 2022
9:49 AM