How do I figure out tax withholding election for state & fed when I have many sources of income

[dgmsa707]

I am single and retired with a variety of sources for taxable income.  How do I figure out my Tax Withholding Election (i.e. what to tell a income source (company) when determining Fed & California State withholding deduction).  I indicate "1"  Withholding Election" (for being single) with each company but not enough tax is deducted from my payout (checks) because the income from each source is not a huge amount.  How do I figure out what to tell each source of income regarding Fed & CA state tax withholding deductions?

[awatkins2]

The best way to figure out your withholding is to use our resources here : https://turbotax.intuit.com/tax-tips/irs-tax-forms/how-to-estimate-federal-withholding/L99CO0yTK    This link includes our withholding calculator which is very easy to use and allows you to enter multiple streams of income :https://turbotax.intuit.com/tax-tools/calculators/w4/  

[MelodyB]

Hi dgmsa707!

When you have several different sources of income it can be difficult to figure out the correct amount of withholding.  On the W4 there is a section for multiple jobs that can help you.  In addition, you can use our W-4 calculator.

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

You can also use the IRS withholding estimator.

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

Here is a copy of the W-4;

https://www.irs.gov/pub/irs-pdf/fw4.pdf

I hope this helps!