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New Member
posted Jan 20, 2022 2:35:52 PM

How do I make it so I don't have to pay in on my taxes every year? I claim 0 all year then single when I do my taxes.

0 6 1058
6 Replies
Level 15
Jan 20, 2022 2:54:25 PM

Follow the Instructions on the Form W-4 to arrive at the proper withholding for your situation.

Then submit to your employer as soon as possible.

Expert Alumni
Jan 20, 2022 3:03:05 PM

You will need to have an extra amount withheld each pay period through your Form W4 with your employer.  Here is W4 calculator to assist with that endeavor.  On the Form W4,  line 4c in step 4 is where you can identify an extra amount of withholding for each pay period.

 

A good estimate is take the amount of tax you are having to pay at the end of the year and divide that over the number of pay periods you have remaining in the year.  

 

Remember anything that is withheld during the year is money you could have had to use/invest as you desire vice the government using/investing it without paying you.   A refund is a return of your money with zero interest.          

 

 

 

 

Level 15
Jan 20, 2022 3:17:19 PM

withholding is required.

 

Just taking the default values on the form W-4 and not trying to be fancy usually works out for most people.

Level 15
Jan 20, 2022 3:33:55 PM

Do you have any other income like interest or dividends?  Those usually don't have withholding on them.  So you need to pay in extra to cover other income.  If you can't increase your work withholding you should consider sending in quarterly estimated payments.  If you owe too much on your tax return Turbo Tax will print out the 4 estimates for the next year.  They are just suggestions so you don't end up owing again.  

 

How to make the Estimated payments
https://ttlc.intuit.com/community/tax-payments/help/how-do-i-make-estimated-tax-payments/00/25875


Here are the blank Estimates and instructions…..
https://www.irs.gov/pub/irs-pdf/f1040es.pdf


Or you can pay on the IRS website. Be sure to pick 2022 1040ES payment
https://www.irs.gov/payments

 

New Member
Jan 20, 2022 5:20:55 PM

No I don't have investments or anything. Just multiple employer's. I guess I'm just going to have to change all my tax forms so they take more out of my checks. Thank you for all of your help

New Member
Jan 20, 2022 5:22:28 PM

Ok thank you for all your help