Promotion/Salary Increase

[lbryant23]

My son received a promotion at his job and a salary increase. How would he change his W4 so he doesn’t owe taxes?

[lferlazzo]

hello Lbryant: 

pleased to help you. the best solution to this is use our tax estimator, it will give you a projection of what your tax liability or refund will be for the year, you can adjust income amounts and deductions, as you see fit.  you will need a current pay stub with ytd income and ytd withholdings and then you can project out increase of income and withholdings.

https://turbotax.intuit.com/tax-tools/calculators/w4/ it is fairly easy to use.

may i also suggest our taxcaster calculator to project refund/tax due for the year.

https://turbotax.intuit.com/tax-tools/

should you still have questions after completing the calculators. we are open 5 am- 5 pm pacific daily , monday - friday and if you have the live feature with turbo tax feel free to call in and an agent like myself will be glad to help you.

hope this helps.