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Posted on 4/11/14 at 4:15 pm to Traffic Circle
quote:
Doesn't TurboTax or the like figure this for you?
Yes. Their free website used to do it, too. It still may.
Posted on 4/11/14 at 4:19 pm to Traffic Circle
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?
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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