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July 27, 2022
Question

What is the best way to complete W-4 to be most efficient and beneficial?

  • July 27, 2022
  • 1 reply
  • 13 views
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    1 reply

    SoCalGal22
    Employee Tax Expert
    Employee Tax Expert
    July 27, 2022

    The IRS replaced the old Form W4 with a new system beginning in 2020.

    It’s easy to adjust your withholding. Most efficient is to do it electronically.

    I find the TurboTax W-4 Calculator 2022 easier to use, and it will put in the best solution for you:

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

    Use this tool to:

    • Estimate your federal income tax withholding
    • See how your refund, take-home pay or tax due are affected by withholding amount
    • Choose an estimated withholding amount that works for you

    Results are as accurate as the information you enter.

    What you need:

    • Paystubs for all jobs (spouse too)
    • Other income info (side jobs, self-employment, investments, etc.)
    • Most recent tax return.

     

    I hope that answers your questions. Please feel free to give TurboTax a call anytime if you have additional questions or need assistance.

     

    Have a great day!

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