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Level 2
posted Jul 27, 2022 10:10:27 AM

Sales Job with base salary + commissions

If I currently have a software sales position which includes a base salary + commissions.


Whats the best way for me to figure out how much tax I should be proactively taking out of each paycheck so that I dont have a huge tax liability when filing my 2022 income taxes?


Thanks in advance

0 2 349
2 Replies
Level 15
Jul 27, 2022 10:26:25 AM

Since your income doesn't come in a constant fashion   the employer should be compensating  automatically.   Usually the commission checks withhold at a higher tax rate so you usually have more than you need withheld naturally.

 

Try these tools:

http://www.irs.gov/Individuals/IRS-Withholding-Calculator  

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

http://turbotax.intuit.com/tax-tools/calculators/taxcaster 

Employee Tax Expert
Jul 27, 2022 10:29:07 AM

Hello JTL9230!

 

TurboTax has a free tax calculator which can help you determine how much you may owe . There is a link to that provided below and a link to the tax table which shows you what you owe according to your tax filing status.

Both will help you fill out your W-4.

 

I hope this helps.

Thank you for using TurboTax Live!