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Level 1
July 27, 2022
Solved

W-4

How to estimate correctly 

    Alumni - Intuit
    July 27, 2022

    Hi Petrice,  It can be tricky to find that sweet spot of withholdings to not owe tax and not have too large tax refund!  There is a W-4 Calculator that takes you step-by-step through the worksheet,

     

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

     

    Once you complete the form, give it to your employer. Then, keep a close eye on your next few paychecks to see how the changes impacted your federal income tax withholding.

     

    I hope you find this helpful!

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

    1 reply

    Alumni - Intuit
    July 27, 2022

    Hi Petrice,  It can be tricky to find that sweet spot of withholdings to not owe tax and not have too large tax refund!  There is a W-4 Calculator that takes you step-by-step through the worksheet,

     

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

     

    Once you complete the form, give it to your employer. Then, keep a close eye on your next few paychecks to see how the changes impacted your federal income tax withholding.

     

    I hope you find this helpful!

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"