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New Member
posted Mar 16, 2021 7:55:15 AM

What should I claim to get the maximum federal taken out of my paycheck

0 4 1266
4 Replies
Level 3
Mar 16, 2021 8:09:17 AM

Why?

Expert Alumni
Mar 16, 2021 8:13:51 AM

To maximize the Federal taxes withheld from your paychecks, you should claim Single on your form W-4, claim 0 dependents and 0 deductions.

 

You can also choose to have an extra amount of Federal taxes withheld from each of your paychecks (on top of the amount from the Federal withholding tables) by entering a dollar amount on line 4(c) of your form W-4.

New Member
Mar 16, 2021 8:26:34 AM

I don't want to pay in at the end of the year

Expert Alumni
Mar 16, 2021 8:33:08 AM

In 2020, W4's were completely redesigned.  My suggestion is to use the IRS Tax Withholding Estimator here, to determine what needs to be withheld.