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KCC85
New Member

How do I file my W4 to get the most taken out?

I am a single filer with zero dependents that makes 100K+. After owing taxes filing "0" for the past several years, last year I specifically filed "F" per the advice of the TurboTax Pro so that I would get the most number of taxes taken out. I now not only owe taxes but I also have to pay a penalty for not paying enough taxes. They changed the W4 again and I just want to know what to file to not have to pay this penalty and get all of the correct taxes taken out. 

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3 Replies
MayaD
Expert Alumni

How do I file my W4 to get the most taken out?

The United States income tax system is a pay-as-you-go tax system, which means that you must pay income tax as you earn or receive your income during the year. You can do this either through withholding or by making estimated tax payments.

 

You can avoid this penalty if you either owe less than $1,000 in tax after subtracting your withholding and refundable credits, or if you paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller. 

 

Consider using the estimator at www.irs.gov/W4App to determine the most accurate withholding for the rest of the year.

Instruction for Form W-4 

To make estimated tax payment check: How do I make estimated tax payments?

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KCC85
New Member

How do I file my W4 to get the most taken out?

Thanks. That wasn't as helpful as I thought it would be. It informed me I was filling out my W-4 correctly and should be getting back $19 which isn't true. I guess I will just have to hire someone again to figure this out.

MarilynG1
Expert Alumni

How do I file my W4 to get the most taken out?

On the W-4 form, you can request that additional tax be withheld in addition to your regular withholdings.  

 

Try the W-4 Calculator. 

 

@KCC85 

 

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