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November 17, 2022
Question

Change in tax bracket

  • November 17, 2022
  • 1 reply
  • 11 views

I just got a promotion at work and I’m in a higher tax bracket, what can I do to increase my take home income?

    1 reply

    Loretta P
    Employee Tax Expert
    Employee Tax Expert
    November 17, 2022

    One option is to use TurboTaxes TaxCaster to estimate the amount of your refund and adjust your withholding to reduce the refund and increase your take home pay.  

     

    You can then use the W-4 Calculator 2022 to adjust your federal withholding.  

     

    This article helps explain how to adjust your W-4 withholding.  Form W-4 and Your Take-Home Pay 

     

    This article provided 4 additional ways to reduce your taxes.  4 Last-Minute Ways to Reduce Your Taxes 

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