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Question

W4 calculator

Forum|Forum|3 years ago
May 24, 2023
2 replies
10 views

I just completed your W4 calculator. the answer was -$714. Does that mean I will owe $714 if I stick with the current settings?

Ask the Experts - W-4 - May 2023

Employee Tax Expert

Employee Tax Expert

That is a great question! The negitive symbol before the amount does indeed indicate a possable balance due on your tax return as it calculates based on your estimated income and wtholdings.

Employee Tax Expert

Employee Tax Expert

Hello,

Yes, that means you owe $714. Also you will see numbers on the right side, you can use those numbers from your results to fill out your new W-4 for your employer. It gives you the line number on W4 and what you need to enter on those lines in W4. Please let me know if you have any additional questions.