How do I calculate how much I want withheld on my W-4 form?

Hello! I’m tired of giving the government an interest free loan every year and would like to know how I calculate how much I want withheld on my check so I can use that money during the year to boost my savings/investments. I’d like to be as close to zero on my tax return and not have to owe anything. If someone can help that would be fantastic! Thank you :pray:t3:

IRS has a withholdings calculator here. It might take a few iterations using this if you are looking at boosting tax-adavantagous deposits. I use this every quarter to every 6 months to make sure we’re not overpaying in tax withholdings.

1 Like

Thank you for sharing this resource!