You make $72,000/year and you are single or head of household. please let me know if you are married, that changes everything. lastly you don't claim additional deduction or credits:
For $72,000
gross pay biweekly $2,789
Federal Tax $270-$350
Social Security (6.2%) $171.68
Medicare (1.45%) $40.15
If your mortgage interest + property taxes exceed the standard deduction, then you could request less tax withheld using Step 4(b) on the W-4 deductions
what you should do:
1-use the IRS Tax Estimator (https://www.irs.gov/individuals/tax-withholding-estimator)
2- without special deductions, aim for $275-$325 federal tax withholding per paycheck.
Please let me know if you like further clarification.
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