How do I fill out my W-4 to get more take home pay?”
“Taxes were withheld from both of my jobs but I still owed. How do I fix that?”
“I have a side gig – can I just change withholding at my W-2 job to cover it?”
You'll need to sign in or create an account to connect with an expert.
When you have 2 jobs and a side gig it is hard to determine the exact taxes to be withheld. Both your employers will assume that this is the first job. So the taxes are withheld accordingly. You should go to the IRS website and do the tax withholding calculator, IRS Withholding Estimator . This will tell you whether you will owe or get a refund.
Based on this you have 2 options, if you owe taxes:
1) You can make quarterly estimated tax payments. These payments are due on April 15, June 15, September 15 and Jan 15 of next year. You can make these payments online at IRS Payments . Select Direct Pay with bank account or Pay by card. With Pay by card there is an additional fee charged by the IRS.
2) You can adjust your W4. Make sure you are taking the correct filing status and not claiming too many dependent as this will reduce the amount of taxes withheld. Then on the W4, Step 4(c) you can ask for additional taxes to be withheld.
Nisha
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kbpsrp
New Member
destinysims3711
New Member
omusyk
New Member
p-siebrasse
New Member
dawncarr9
New Member