• Preflight_Tomato@lemm.ee
    link
    fedilink
    English
    arrow-up
    3
    ·
    7 months ago

    Most just don’t know how to properly file their W-4 to not have taxes withheld in the first place.

    How do you do this? How do you calculate what to personally withhold and pay? Is it simply calculating through the income tax?

    • Semi-Hemi-Lemmygod@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      arrow-down
      1
      ·
      edit-2
      7 months ago

      There’s a worksheet that usually comes with it where you answer questions about your living situation - single/married, homeowner/renter, how many kids, etc. - and it gives you a number to put in. It’s pretty accurate. I’ve done it at every job and aside from years with tax credits I’ve never gotten back more than a few hundred bucks.