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Update: IRS successfully launches their own free Direct File - now ALL of my fellow 'murcans are eligible for 2025 (sh.itjust.works)

submitted 5 months ago by brbposting@sh.itjust.works to c/technology@lemmy.world

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My January 2024 thread (186 comments)

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[–] Preflight_Tomato@lemm.ee 3 points 5 months ago (1 children)

Most just don’t know how to properly file their W-4 to not have taxes withheld in the first place.

How do you do this? How do you calculate what to personally withhold and pay? Is it simply calculating through the income tax?

[–] Semi_Hemi_Demigod@lemmy.world 3 points 5 months ago* (last edited 5 months ago)

There's a worksheet that usually comes with it where you answer questions about your living situation - single/married, homeowner/renter, how many kids, etc. - and it gives you a number to put in. It's pretty accurate. I've done it at every job and aside from years with tax credits I've never gotten back more than a few hundred bucks.