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Is there a calculator to determine the amount I should adjust my withholding to maximize my take home pay

 
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1 Reply
AnnetteB6
Expert Alumni

Is there a calculator to determine the amount I should adjust my withholding to maximize my take home pay

Yes, there are a couple of tools available that you can use.

 

One is within the TurboTax program itself.  After you have entered all of your information for your tax return, this tool can use that information to help you make adjustments to your withholding and generate a new W-4 that you can give to your employer.  This one could be the most accurate and advantageous one to use because it knows your tax return information and can take that into account when making withholding recommendations for you.

 

Take a look at the following TurboTax help article for instructions:

 

How do I update my 2023 withholdings and print a new W-4?

 

The other tool can be found at the link below.  With this one, you will need information about your tax return to get the most accurate results.

 

W-4 Calculator  

 

[edited 2/8/2023 | 5:33 am PST]

 

@DavidtheSalesGuy 

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