I will have a tax credit in 2024 so I would like to reduce my 2024 federal withholding taxes. What is the best way to figure out this amount?

daniel_driscoll · ‎January 29, 2024

I currently get a tax refund every year but want to be able to use the tax credit in 2024 so I want less taxes withheld.

xmasbaby0 · ‎January 29, 2024

https://www.irs.gov/individuals/tax-withholding-estimator

https://www.irs.gov/pub/irs-pdf/fw4.pdf

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

JohnB5677 · ‎January 30, 2024

Yes, you can accomplish this by completing a W-4 Form and giving it to your employer.

Line 4(c) on the W-4 will instruct your employer to withhold an additional dollar amount from your paycheck for each pay period.

This amount is not recorded separately on your pay stub, and nor on your W-2. It is simply included in the total income tax withholding.

If I've misunderstood your question, and this does not completely answer it, please contact us again and provide some additional details.

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I will have a tax credit in 2024 so I would like to reduce my 2024 federal withholding taxes. What is the best way to figure out this amount?