We suddenly owe a lot of taxes this year after having never owed before. If we upgrade to the Turbo Tax that includes free tax advice with a live expert through Dec. 2024, does it include specific help determining how to update our withholdings and our CA State allowances based on our 2023 return and expected 2024 changes? Or is it just tax advice for how to fill in the software?
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There are many reasons why you might owe this year:
To adjust your state withholding allowance, go to the Employment Development Department (EDD) website and get Form DE 4, Employee’s Withholding Allowance Certificate
For your federal, go to the Internal Revenue Service (IRS) website and get Form W-4, Employee’s Withholding Allowance Certificate
Also you can generate your W-4 in TurboTax if you didn't file your return: How do I update my 2024 withholdings and print a new W-4?
If you are receiving income from sources other than a regular paycheck, you can make estimated taxes.
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