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Posted by JoeRyan23 on March 2, 2008, 9:51 pm
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How do you fill out a W4 form so that you don't end up owing taxes,
but at the same time are getting the most money out of your paycheck?
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Posted by Barry Margolin on March 2, 2008, 10:07 pm
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In article
JoeRyan23@gmail.com wrote:
> How do you fill out a W4 form so that you don't end up owing taxes,
> but at the same time are getting the most money out of your paycheck?
If you use the worksheet, and accurately estimate your non-wage income,
deductions, and credits, you theoretically should come out about right.
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Barry Margolin, barmar@alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by DF2 on March 2, 2008, 10:18 pm
Please log in for more thread options In misc.taxes.moderated, JoeRyan23@gmail.com wrote:
>How do you fill out a W4 form so that you don't end up owing taxes,
>but at the same time are getting the most money out of your paycheck?
See if http://www.irs.gov/individuals/article/0,,id=96196,00.html
helps.
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Mark Bole on March 2, 2008, 10:41 pm
Please log in for more thread options JoeRyan23@gmail.com wrote:
> How do you fill out a W4 form so that you don't end up owing taxes,
> but at the same time are getting the most money out of your paycheck?
>
Wait until you have current paystub(s) through August, then adjust for
the rest of the year based on your best estimates at that time. Wage
withholding has equal weight no matter when during the year it happens,
for purposes of underpayment penalty.
-Mark Bole
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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