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Question

owe less taxes

Forum|Forum|10 months ago
May 28, 2025
1 reply
0 views

How do I change my W-4 so I don’t owe as much in taxes each year? I think I chose the mid-range option (between the lowest and highest rate) but I still end up owing around $1000 in Federal taxes every year.

Ask the Experts - W4 - May 2025

You can use the IRS Tax Withholding Estimator to estimate the extra amount you should withhold. Divide the amount among your remaining pay periods for the current year and note that amount on Form W-4 Line 4(c). It will add to your Federal withholdings on your W-2. If you have too much withheld, it will be refunded on your tax return.

selingleyAuthor

Omg, thank you! I didn't know this calculator existed! Am I allowed to update my W4 that I submitted to my employer when I got hired at any time during the year?

You're very welcome! Yes, you can update your W-4 as needed.