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UPS Discussions
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<blockquote data-quote="MattM" data-source="post: 4284663" data-attributes="member: 53192"><p>That's one thing upsers does right. Updating the w-4 withholdings is easy. I've been getting back less and less every year. I'm finally adjusting it correctly. It's usually adjusted within one paycheck.</p><p></p><p>If one knows their estimated wages/paycheck, you can look at the IRS and the wage bracket method shows you what each estimated withholding # will be withheld on your paycheck.</p><p></p><p>If you never change a thing, standard is 0, and they'll take out the most. You can even set it to a set amount to be withheld.</p><p></p><p>The fun trick is trying to balance it so you get a zero refund. NO free handouts for the government.</p><p></p><p>One can work in reverse. If you know your final projected income #s, you'll know how much you owe in taxes. If you are already withholding that much, change the w-4 for the rest of the year so they take out nothing. Pretty simple indeed.</p></blockquote><p></p>
[QUOTE="MattM, post: 4284663, member: 53192"] That's one thing upsers does right. Updating the w-4 withholdings is easy. I've been getting back less and less every year. I'm finally adjusting it correctly. It's usually adjusted within one paycheck. If one knows their estimated wages/paycheck, you can look at the IRS and the wage bracket method shows you what each estimated withholding # will be withheld on your paycheck. If you never change a thing, standard is 0, and they'll take out the most. You can even set it to a set amount to be withheld. The fun trick is trying to balance it so you get a zero refund. NO free handouts for the government. One can work in reverse. If you know your final projected income #s, you'll know how much you owe in taxes. If you are already withholding that much, change the w-4 for the rest of the year so they take out nothing. Pretty simple indeed. [/QUOTE]
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