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Too Much Tax Paid from Paycheck - Used the Calculators from IRS, Turbotax, and H&R Block - Still don't comprehend
- Tried three different calculators; IRS, Turbotax, H&R Block
- Single income family; married filing jointly; 3 children
- last paycheck was $6,900 - $1,750 taken in taxes which is 25%, The calculator's show a refund would be $20,000 at the end of the year -
- Never had an issue claiming 5 in the previous w-4
- Entered $6,000 USD in the Total credits for dependents
I'd prefer not to give the upfront money to the government and have more money in my paycheck. Do I increase the amount of $8,000 USD in the box to get more in the paycheck?
‎July 27, 2022
11:50 AM