Hello, How can I adjust me W4 to minimize taxes on a lump sum severance package in NY that will be taxed like a bonus check (42%)? File Exempt Status? Extra Dependents?

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Hello, How can I adjust me W4 to minimize taxes on a lump sum severance package in NY that will be taxed like a bonus check (42%)? File Exempt Status? Extra Dependents?

If you want to view how your tax withholding would be affected by a W-4 change, see the IRS Withholding calculator here.

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