turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

blue282
New Member

Future tax owing

I want to find out how much extra I need to have deducted from my pay during 2019 so that I will not owe taxes in 2020--I don't know how to go about it. I am employed full-time and receiving Soc Sec retirement benefits. I didn't receive SS retirement the entire year of 2018, so I do not owe. I want to avoid owing when I file in 2020.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Future tax owing

You can also use TurboTax to help you figure out what you should enter on your W4

To do this click on the following once fully logged into your return:

  • Federal in the black on the left
  • Other Tax Situations
  • Answer the questions to get to the "We're almost there" screen
  • Click Add more uncommon situations
  • Show more next to Other Tax Forms
  • Start next to W-4 and Estimated Taxes
  • Yes to Do you want to change your W-4
  • Answer the questions for TurboTax to help you fill out a new W4 for your  employer

You can also figure out your tax rate based on your expected taxable income, using the 2018 Tax Rates percentage and have Social Security withhold that percentage from your SS benefits.  The rates in 2019 will be similar to 2018. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply

Future tax owing

You can also use TurboTax to help you figure out what you should enter on your W4

To do this click on the following once fully logged into your return:

  • Federal in the black on the left
  • Other Tax Situations
  • Answer the questions to get to the "We're almost there" screen
  • Click Add more uncommon situations
  • Show more next to Other Tax Forms
  • Start next to W-4 and Estimated Taxes
  • Yes to Do you want to change your W-4
  • Answer the questions for TurboTax to help you fill out a new W4 for your  employer

You can also figure out your tax rate based on your expected taxable income, using the 2018 Tax Rates percentage and have Social Security withhold that percentage from your SS benefits.  The rates in 2019 will be similar to 2018. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question