Got it. You would still use that line on the W-4P for your amount. I would advise looking at your current return to see what your tax liability was, unless it's a drastic change next year.
If you add your estimated income for 2025 and subtract your standard deduction for 2025, then take approximately 12-15% you should be good and you can change it as many times as you need to throughout the tax year.
Standard deduction amount increased. For 2025, the standard deduction amount has been increased for all filers:
Single or Married Filing Separately—$15,000.
Married Filing Jointly or Qualifying Surviving Spouse—$30,000.
Head of Household—$22,500.
- In 2025, the additional standard deduction is: Single filers and heads of household: $2,000, or $3,200 if both 65+ and blind. Joint filers and surviving spouses: $1,600, or $3,200 if both 65+ and blind.
@drunner
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