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October 24, 2024
Question

New tax bracket

  • October 24, 2024
  • 1 reply
  • 0 views

I recently got a raise at work. It has put me into 60,000 + a year. How will this affect the taxes I will owe this year? I'm sure it has put me in a tax bracket I have never been in before. Just trying to understand possibly how much it is going to cost me paying taxes.

1 reply

Employee
October 24, 2024
No text available
Employee
November 9, 2024

You could try using the TaxCaster tool to get an idea of how your raise will affect your taxes.  

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

 

You might need to change your W-4 so that your employer withholds enough tax from your paychecks.

https://turbotax.intuit.com/tax-tools/calculators/w4/ 

https://www.irs.gov/individuals/tax-withholding-estimator

https://www.irs.gov/pub/irs-pdf/fw4.pdf

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Employee
November 9, 2024
No text available