DMarkM1
Expert Alumni

Get your taxes done using TurboTax

You will need to have an extra amount withheld each pay period through your Form W4 with your employer.  Here is W4 calculator to assist with that endeavor.  On the Form W4,  line 4c in step 4 is where you can identify an extra amount of withholding for each pay period.

 

A good estimate is take the amount of tax you are having to pay at the end of the year and divide that over the number of pay periods you have remaining in the year.  

 

Remember anything that is withheld during the year is money you could have had to use/invest as you desire vice the government using/investing it without paying you.   A refund is a return of your money with zero interest.          

 

 

 

 

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