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re: Withholding question

Posted on 2/29/24 at 7:13 am to
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41736 posts
Posted on 2/29/24 at 7:13 am to
quote:

slackster

I asked my HR payroll department and they basically told me what you’re explaining. I don’t like that they do it this way but I do understand why. I guess I’ll just ask them to withhold an extra $100 or so from each base salary check just ti be safe. Does that sound sensible or would that not be necessary?
Posted by slackster
Houston
Member since Mar 2009
85138 posts
Posted on 2/29/24 at 7:40 am to
quote:

I guess I’ll just ask them to withhold an extra $100 or so from each base salary check just ti be safe.


Ask your CPA.

They’re basically over withholding from commission and under withholding from base checks, so it could come out in the wash. I mentioned earlier that I used to manipulate the W4 to withhold a flat amount regardless of check size.
Posted by FinleyStreet
Member since Aug 2011
7903 posts
Posted on 2/29/24 at 7:44 am to
quote:

I don’t like that they do it this way but I do understand why. I guess I’ll just ask them to withhold an extra $100 or so from each base salary check just ti be safe


No one can answer that without knowing your taxable income. Just estimate your 2024 tax liability and then adjust your withholdings accordingly.
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