Hello, I had three (3) W-2's last year and will have the same this year. My income will be slightly higher this year. My taxes due for 2022 were really high, how do I reduce or make sure I will not owe taxes for 2023?
To best determine how much you should be withholding from your paycheck, you can use this W-4 Calculator . You may want to review your current paystubs to see if the correct amount of taxes are being withheld.
If you determine that your withholdings are too small, you could submit a new w-4 to your employers.
here is an link to the explanation of the w-4 https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-4-form/L2NapDzX2.
You can also use our tax refund estimator to find out how much you'll get back this year (or how much you’ll owe) TaxCaster Tax Calculator if your outcome is taxes owed, you can calculate additional withholding on your W-4 form on line 4c. You can update your W-4 form any time during the year.
Hope this helps!
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
