Mekaiyo OP t1_jeh3px6 wrote on March 31, 2023 at 11:45 PM

Reply to comment by wijwijwij in How to adjust W4 to take less taxes out? by Mekaiyo

Awesome thank you so much! This is what I was looking for! Hopefully I don’t owe the gov next year! So basically if the IRS calculator says I need to withhold $200 each pay check, I do $200 X 26 = $5200 for the yearly amount?

wijwijwij t1_jeh4m6c wrote on March 31, 2023 at 11:52 PM

No; putting 5200 will withhold 200 more each paycheck than the NORMAL withholding on a paycheck. Not a total of 200 per paycheck.

So you may need to see by how much you overpaid this year, and use that figure.