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Level 2

Question

How much deductions are necessary to help reduce my taxes

Forum|Forum|2 years ago
June 4, 2024
1 reply
0 views

i paid in to irs weekly on my paycheck

TurboTax Deluxe Online

Level 15

you automatically get the standard deduction - if filing SINGLE, the first $14,600 of income is not taxed! you would need more than what is automatic to reduce your taxes!

Level 15

Or----are you asking how much you should be having the employer withhold from your paychecks so that you will not owe at tax time? You can adjust the W-4 you give to your employer and have more withheld if necessary. (See Step 4c)

https://turbotax.intuit.com/tax-tools/calculators/w4/

https://www.irs.gov/individuals/tax-withholding-estimator

https://www.irs.gov/pub/irs-pdf/fw4.pdf

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Level 15

IRS requires you to estimate your tax for the year and pay as you go.

Payroll withholding makes that automatic for you.