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Withholding Inquiry
Hello, I am trying to have less taxes taken out of my paycheck so my refund is zero. I used the IRS's Tax Withholding Estimator and I think I need $205 less withheld. My company has its own W4 I can use, I just wanted to make sure I was imputing into the correct field. I attached screenshots, but imputed the amount into field B, which states:
(b) Deductions. If you expect to claim deductions other than the standard deduction and want to reduce your withholding, use the Deductions Worksheet and enter the result here.
I also know one can increase the number of dependents so less taxes are withheld, but I wanted to do it correctly. The first screenshot is the IRS results from the tax withholding estimator and the second is my company's W4 webpage.
I want to verify the amount is correct based on the calculator and the field is the right place to put the amount.
Thank you for your time. Hunter Stanford