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?

posted

Connect with an expert

1 Reply

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.

Still have questions?