topic rough estimate of how much to withold from 90k salary? in Get your taxes done using TurboTax

rough estimate of how much to withold from 90k salary?

zmcaspire — Sat, 18 Jan 2025 15:50:19 GMT

Long story short- married filing jointly with 2 dependents and household combined income is approximately 155k. One income we have is 65,000 yearly the other is 90,000. the 90k income is from a new job that i am concerned isn't withholding enough as our total income last year was about 145k and our refund was much larger. How much should be withheld from 90k a year to ensure a larger end of year refund? on our W2 its about 9k withheld. and the 65k salary is about 8k withheld. Thanks.

Re: rough estimate of how much to withold from 90k salary?

xmasbaby0 — Sat, 18 Jan 2025 15:51:18 GMT

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

Re: rough estimate of how much to withold from 90k salary?

zmcaspire — Sat, 18 Jan 2025 15:53:09 GMT

that tool is down for maintenance...i tried already

Re: rough estimate of how much to withold from 90k salary?

Mike9241 — Sat, 18 Jan 2025 20:05:38 GMT

you could wait until it's fixed or download a w-4 from the IRS website and prepare it manually'

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

if your 2023 adjusted gross income was under $150,000 you only need federal withholding equal to your 2023 tax to be safe from underpayment of estimated tax penalties. since you want a larger refund you could withhold an extra $2200 in federal withholding on the additional $10K of salary.

note any calculation for 2025 is a pure guess. there is talk that the new administration may change some tax laws.