Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 15, 2020 2:10:29 PM

How do you complete new W-4 when you want a specific amount withheld. Previously, I elected 999 allowances with $XX in additional withheld so that the $XX would come out.

0 1 353
1 Replies
Expert Alumni
Jan 15, 2020 3:13:09 PM

No, there is not a way to designate a specific amount on the W-4. 

 

Entering 999 allowances is no longer an option on the new W-4.  It was redesigned due to changes in the law.  In the past, the value of a withholding allowance was tied to the amount of the personal exemptions.  Due to changes in the law, you can no longer claim personal exemptions or dependency exemptions.

 

The form is divided into 5 steps.  The only two steps required for you are Step 1 and Step 5.  

 

If you want to decrease the amount of your withholding you need to complete Step 3 for eligible income tax credits, and Step 4 for deductions other than the Standard Deduction, such as a deduction for IRA contributions.

 

You can complete the form, see what affect it has on your withholding and change the form accordingly until you get the amount that you want withheld.