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Get your taxes done using TurboTax
I file as single, zero dependents. I take the standard tax deduction. I have a Roth IRA, under which I take out 8%. I have about $300 in deductions for student loan interest. I pay around $182 per pay period ($4732) in total for pretax deductions for the year, that includes my HSA and insurances. I don't have any other deductions I take and I expect my gross income to be around 70-75k. The car that I'm purchasing won't be manufactured until around May, but it qualifies for the whole $7500 tax credit. There's no sales tax on the car purchase and NJ has a $4000 deduction on the price or the EV I'm getting which is taken off the total price of the car, not sure if that matters or will apply in the federal EV tax credit situation. I want to figure out what to do before my next paycheck because I don't want to end up having any issues. If I'm able to bring my federal tax liability to 7500 that would be great, but I'm fine with getting as much as I can from it. I tried using the calculators and I honestly still don't know what to do or how much to withhold. Please let me know if there's anymore information I need to provide. Thank you!