Should I Adjust My Payroll Withholdings?

Each April many taxpayers are surprised as they realize that they have either over withheld or under withheld on their taxes. Use this calculator each year to help determine whether you are likely to be on target based on your current withholding status. Make adjustments to your employer W-4 form, if necessary, to more closely match your liability. In the event of a surplus, you may be able to increase your take home pay.
Income and Tax Information
Tax filing status
Gross annual income
Qualified plan/IRA contribution
Itemized deductions - $0 for standard
Number of personal exemptions
Number of dependent children
Federal taxes withheld to date
Number of allowances claimed on W-4
Payment frequency
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