TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

Make a raise work for me

Forum|Forum|3 years ago
July 27, 2022
1 reply
4 views

I received a substantial raise and don't want to get clobbered at tax time. Is there a % of witholding or specific target I should aim for? How can I avoid owing taxes at the end of the year?

Level 4

Hello 1Nemo,

Your best bet is to claim a zero for the number of dependents even if you have dependents so that enough tax is withheld. You may also put an additional amount taken out in Step 4 (c). Here is a Tax Withholding Estimator:

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

Hope it helps.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"