Can you use TurboTax monthly to estimate final taxes so that W4 deductions can be tweaked through the year?
I get bonuses that end up being over taxed and my wife does not get taxes taken out of her part-time income. So I want to make W4 adjustments quarterly to avoid owing or getting a large refund.
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1 Replies
pk
Level 15
Jul 28, 2024 10:22:33 AM
@pseidel you can use the IRS W-4 calculator at any time in the year ( using the amounts earned to date and taxes withheld to date ) and thereby adjust W-4 ( if needed ).