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I want to update my w4 to get a bigger paycheck, what should I input for Line 3 or Line 4? I used the IRS Estimator tool and it's telling me to put $4,834 for Line 3. Does anyone know how they came up with that calculation? I understand that Line 4 you are able to specify if you want to withhold MORE taxes which doesn't apply to me.
Expected tax withholding $3,698
Anticipated tax obligation* $1,913
Projected refund $1,785
IRS tool telling me to input $4834 on line 3
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apologies about that, my internet connection kept dropping so I wasn't sure if the question successfully posted or not. i was trying to delete the question but didnt see the option to do so.
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