Question regarding W-4. How do I get the most of my paycheck without having a lot of taxes taken away each time, and not having to owe by tax time? Thank you!

[fanfare]

you must estimate your tax owed quite accurately to meet both of these objectives.

Then divide by your pay periods and withhold that amount from each paycheck.

[fanfare]

OR

use the formulas in the Instructions for W-4.

[Critter-3 · Accepted solution]

Your W-4 form determines how much tax will be withheld from your pay. Use the Tax Withholding Estimator on the IRS web site to figure out what to put on your W-4 form. It will let you adjust your withholding to get the approximate refund amount that you want. Check it again in January. What you need for a full year at the new job might be different from what you need for the rest of this year.

Tax Withholding Estimator