How much tax should i have withheld

how much tax should i have withheld

How much Federal and State tax should I have withheld from my paycheck?

You could try using the below enclosed information for this purpose and then once in a while do some estimated income tax calculations during the year to try and see how close you are to maybe get a REFUND or maybe OWE an amount when you do correctly complete your 1040 income tax return when the next year filing season will begin around the middle of January of the next year.

Use the search box at the www.irs.gov website for the IRS Withholding Calculator

http://www.irs.gov/individuals/article/0,,id=96196,00.html

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If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new Form W-4, Employee's Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You can use your results from the calculator to help fill out the form.

Who Can Benefit From The Withholding Calculator?

To Change Your Withholding:

Use your results from this calculator to help you complete a new Form W-4, Employee's Withholding Allowance Certificate.

Submit the

completed Form to your employer.

Go to the www.irs.gov website and use the search box for 1040ES and then go to page 6 also has the 2011 Tax Rate Schedules and page 7 has the estimated tax worksheet available for your use also.

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

Copy and paste the below enclosed website address into your browser bar and choose the estimated tax calculator for the 2011 tax year.

http://www.dinkytown.net/java/Tax1040.html

Enter your filing status, income, deductions and credits and we will estimate your total taxes for 2011. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April 2012. In 2011, Federal income tax rates were scheduled to increase to pre-2001 levels, but the "Tax Hike Prevention Act of 2010" left the existing tax brackets in place through 2012. Please note that this calculator uses the preliminary 2011 tax tables.

I would hope that you do find the above enclosed information useful for your situation and good luck to you with this matter. 09/23/2011

How much Federal and State tax should I have withheld from my paycheck?

Source: www.debtordebt.com

Category: Taxes

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