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We get too much back each tax season. I want it in my check!

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February 10, 2018, 05:41 PM
Black92LX
We get too much back each tax season. I want it in my check!
We get way to big of a tax return.
I want that money in our check each week and want little to no return.
We both currently claim 2 witholdings.
Is there an equation to figure out how much I need to adjust the withholdings to get more each week but not owe come next year??


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February 10, 2018, 05:58 PM
hrcjon
Sure you just adjust your withholding. The w4 form has a simple worksheet but I suspect that one adjusted to the 2018 tax changes is not yet out (I did not look).
in the interim just calculate your estimated TY tax and divide by the number of pay periods, adjust your withholdings using the IRS table.


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