Lowering tax liability and adjusting withholding

lwgentil · ‎February 25, 2026

We will owe a significant amount in taxes this year. We have adjusted our W2, but now it feels like too much is being withheld from the paycheck. What is the best way to determine the correct withholding so that we don't owe, but don't get a big refund next year?

MarilynG1

The best way to determine correct withholding is to use the IRS Tax Withholding Estimator or the TurboTax W-4 Calculator. By entering your latest paystubs and tax info, these tools generate precise numbers for a new Form W-4, helping you adjust to a near-zero refund or balance due.

Here's more detailed info on Adjusting your W-4.

@lwgentil

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