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I used 2 different W-4 Calculators and am getting different projections.
When I use the turbotax W-4 calculator, it says I will owe $231 (W-4 Calculator | IRS Tax Withholding Calculator 2024-2025 | TurboTax (intuit.com)). When I use the IRS W-4 calculator, it says I will get a refund of $13,694 (Tax Withholding Estimator - Results | Internal Revenue Service (irs.gov)). The former is probably more accurate considering that's about how much I owed when I filed my taxes this year, but I just want to know what I should be putting in my W-4 so I break even instead of owing money.
May 29, 2024
1:55 PM