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Get your taxes done using TurboTax
The IRS has been tinkering with the withholding tables (how much tax is withheld based on your income and filing status) since the tax changes went in to effect in 2018. Both TurboTax and the IRS have withholding calculators that you can use to determine whether or not your having an appropriate amount withheld. Moreover, they will instruct you on what to change if you are having to much or too little withheld. For more information, see:
How do I update my 2020 withholdings and print a new W-4?
Note: If you received some or all of the stimulus money in the form of the Recovery Rebate Credit on your 2020 tax return, it would have increased your refund on a one time basis.
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March 21, 2021
3:37 PM