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Not Owing Federal Taxes

I need a strategy on how not to pay federal taxes. I won’t to break even at the least. Married Filing Jointly claim two dependents under 10, now I started additional deduction of $100. 

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1 Reply
JanetB21
Employee Tax Expert

Not Owing Federal Taxes

You are doing great to add some additional withholdings.  To be sure that you are on track to owe no Federal tax at tax time, though, I recommend using some of the tools that are available.  You will need a paystub to accurately determine if the withholdings are going to be sufficient and enter the data into a tool like Tax Caster.  You can project the annual W-2 based on your paystub.  Then, if you have changes to your income throughout the year, you can revisit Tax Caster for further adjustment. Thank you, stewartca35, for the question and great job planning ahead.

 


 TurboTax's Tax Caster tax calculator

I hope this helps!
JanetB211

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