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re: Changing what I claim on W-4

Posted on 4/11/14 at 4:10 pm to
Posted by Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4278 posts
Posted on 4/11/14 at 4:10 pm to
Doesn't TurboTax or the like figure this for you?
Posted by LSURussian
Member since Feb 2005
126963 posts
Posted on 4/11/14 at 4:15 pm to
quote:

Doesn't TurboTax or the like figure this for you?

Yes. Their free website used to do it, too. It still may.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11685 posts
Posted on 4/11/14 at 4:19 pm to
I did the IRS Withholding Calculator. I guess I don't really know what the hell I am reading. Assuming I filled it out correctly, Anticipated income tax for 2014 is $27,656. With current arrangement I will have $29,280 withheld resulting in overpayment of $1623.

Says to check married, claim 0, plus an additional $2223 for the balance of 2014.

So just change W-4 to married, 0 dependents, and have $2223 held over the remaining checks. Is that in addition to what is already taken out?
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