If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new Form W-4 to avoid having too much or too little Federal income tax withheld from your pay.
Who can benefit?
- Employees who would like to change their withholding to reduce their tax refund or balance due.
- Employees with concurrent jobs, dual-income couples, head of household filers, or those eligible for the Child Tax Credit.
- Employees with non-wage income (e.g., investment, freelance) who would prefer to have it covered through paycheck withholding.
Tips before you start
- Have your most recent pay stubs handy.
- Have your most recent income tax return handy.
- Estimate values if necessary. Results are only as accurate as the inputs.