W-4

Forum|Forum|3 years ago
July 27, 2022
1 reply
5 views

How to estimate correctly

Best answer by conniem123

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!

conniem123Answer

Level 7

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!

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