I file Married filing jointly and my spouse has elected to begin receiving social security in August 2022 while continuing to work. Our income will increase by approx. 15%. How can we adjust our W-4s so that we don’t pay taxes when we file in 2023?
Yes, you can increase your withholdings by adjusting your W-4 in Step 4(c) - Extra Withholding. Here you will enter any additional tax you want withheld each pay period. To calculate that amount, please use our free tax calculator : https://turbotax.intuit.com/tax-tools/calculators/w4/
I hope this helps.
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