3365651
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Hello. How can i change my w4 to maximize my refund

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KimberW
Employee Tax Expert

Hello. How can i change my w4 to maximize my refund

You can adjust your W-4 to provide as much (or as little) of a refund as you want.

 

Instead of maximizing your refund, though, I'd suggest aiming for $0 -- you don't owe anything and you don't get a refund either. When you get a refund from the IRS because you have had too much withheld from your paycheck -- that's your money that you could have had all year long.

 

The best way to fill out the current version of the W-4 is to use the TurboTax W-4 Calculator or the IRS Tax Withholding Estimator. Both of these tools will ask you for information from your most recent pay stubs (to get year-to-date information) as well as what you expect to happen with your paychecks for the rest of the year.

 

You'll enter information for your jobs, the number of dependents that you have, whether you have any other income or deductions, etc. Then the program will provide you with the information necessary to fill out the W-4s for each job -- or even a PDF version that you can give to your employer. The IRS version will -- by default -- adjust your numbers so that you keep as much money per paycheck as you can without owing taxes at the end of the year.

 


Thank you for participating in this event!
-- KimberW

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question