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Tmoehring
Level 2

W-4 exemptions

Hi, I used to claim 0 and 0 on my taxes to get a refund. Howvmuch can I claim now to break even and maximize money  i can bring home?

 

Thank you

 

3 Replies
OmM1
Employee Tax & Finance Expert

W-4 exemptions

Hello Tmoehring

Thank you for reaching out with your W4 withholding questions.

IRS revised W4 from couple of years ago and in the new form instead of claiming number of exemptions, you have to calculate and enter dollars.

To maximize the every paycheck net take home pay, please update and submit a new W4 form. Here is your link to IRS withholding estimator 

Should you have any specific question, please feel free to ask any specific question or  any needed clarification.

 

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Tmoehring
Level 2

W-4 exemptions

Thank you. I might he using the wrong term? I just retired so should I go back to my w-4 to determine this or another form?

 

Thank you again.

OmM1
Employee Tax & Finance Expert

W-4 exemptions

If you are retired and your only income going forward is Pension, you may want to use Form W4P 

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