Question about Tax deductions

[Mwashy0109]

Hello so I would like to make sure my W-4 form is filled out correctly and that I am actually getting deducted for federal taxes

[KochuK]

Hi Mwashy0109,

The most accurate method is to use:

IRS Tax Withholding Estimator

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

Use this tool to:

• Estimate your federal income tax withholding
• See how your refund, take-home pay or tax due are affected by withholding amount
• Choose an estimated withholding amount that works for you

Results are as accurate as the information you enter.

What you need:

• Paystubs for all jobs (spouse too)
• Other income info (side jobs, self-employment, investments, etc.)
• Most recent tax return.

TurboTax W-4 Calculator 2022

https://turbotax.intuit.com/tax-tools/calculators/w4/

Hope the above helps.

[OpeA1]

Hello Mwashy0109 !

• Be sure to fill out Step 1 accurately with you filing status.
• Step 2 is important if you have more than one job.
• Step 3 allow you to claim dependents, if any and 
• Step 4 is optional.
• Here is a tax estimator for your use : https://turbotax.intuit.com/tax-tools/calculators/w4/

Thank you for using Turbo Tax Live!