I need to update my W4 so I’m not paying so much every year. Please help!!
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Hello YGrayson!
It sounds like you need to change your withholding. Here is a helpful calculator that will guide you through your situation and calculate what you should be entering on your W-4 -
https://turbotax.intuit.com/tax-tools/calculators/w4/
I hope that helps!
Juliane
Hi YGrayson,
Hope you are having a great Wednesday so far! I understand you owed federal taxes when you filed your tax return, and to avoid paying so much when you file you will want to submit a Form W-4 to your employer.
The required information can usually be found on your prior year's tax return or your current pay stubs. You'll need to make adjustments for changes from the previous year to make sure it reflects your current situation.
If there is still not sufficient tax withheld from your paycheck you can have an additional amount withheld by completing Form W-4 Step 4(c).
Once you complete the form, give it to your employer. Then, keep a close eye on your next few paychecks to see how the changes impacted your federal income tax withholding.
Hope you find this helpful!
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