Tax Withholding Calculator
If you are an employee, the Withholdings Calculator can
help you determine whether you need to give your employer
a new Form W-4, Employee's Withholding Allowance Certificate
to avoid having too much or too little Federal income tax
withheld from your pay.
IRS Tax Withholding Calculator
You can use your results from the calculator to
help fill out the new W-4 form for submitting to your employer.
Income Tax Paycheck Withholding Calculator
Use the withholding calculator results to complete a
new W-4, Employee's Withholding Allowance Certificate to
submit to your employer.
Who Can Benefit From
The Withholding Calculator?
Employees who would like to reduce their end-of-year
tax refund or tax due balance.
Employees with approximated job situations per paper
W-4 worksheets (e.g.,
- Anyone with concurrent jobs
- Couples with both employed;
- Head of Household filers;
- Those with several children eligible for the Child
Employees with non-wage income in excess of their adjustments
and deductions, that prefer to have additional tax withheld
from their paychecks instead of making periodic separate
payments through the estimated tax procedures.
Between making adjustments in you W-4 to keep your end-of-year
tax bill relatively even, it's wise to choose quality tax
software brands like TurboTax and H&R Block to assure you
get every tax deduction for lowering your tax bill even
more. Your hard earned cash is better in your pocket rather
than Uncle Sam's.
Making adjustments to your withholdings can help you
simplify your online tax return
filing by keeping you close to even with the IRS. Now
that's better than finding out you have a great big year-end tax
bill to deal with, right?
Note: The instructions in
Publication 919 How Do I Adjust My Tax Withholding
may help you achieve more accurate withholding calculations
if any of the following apply to your tax filing situation.
will be subjected to alternative minimum tax,
- You will be subjected to self-employment tax, or
- If any of your current jobs will end prior to the
end of the year
Additional Tips For Using
The Withholdings Calculator
- Have your most recent employee pay stubs available.
- Have your most recent federal income tax return
You can estimate income values if necessary, but remember,
the results will only be as accurate as the input you provide.