CAAB

Investing in People, Strengthening Communities

Are You Having Too Much or Too Little Federal Income Tax Withheld From Your Pay?

If you are an employee, the Withholding Calculator provided by the IRS 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.

Are You Having Too Much or Too Little Federal Income Tax Withheld From Your Pay?

IRS
http://bit.ly/2aLxK0A

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.

CAUTION: This Withholding Calculator works for most taxpayers. However, if you owe self-employment tax, alternative minimum tax, or certain Other Taxes; you should use the instructions in Pub 505, Tax Withholding and Estimated Tax.

Tips For Using This Program

  • Have your most recent pay stubs handy.
  • Have your most recent income tax return handy.
  • Estimate values if necessary, remembering that the results will be no more accurate than the input you provide.

Ready to start? Make sure Java scripting is enabled before using this application.

Withholding Calculator Button

To Change Your Withholding:

  1. Use your results from this calculator to help you complete a new Form W-4, Employee's Withholding Allowance Certificate.
  2. Submit the completed Form to your employer as soon as possible.


About Capital Area Asset Builders

Capital Area Asset Builders (CAAB) is a non-profit organization whose mission is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings, and build wealth for a better future.

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How to give

Now, more than ever, non-profits like Capital Area Asset Builders (CAAB) need your help. Please support CAAB as we continue to help DC residents manage and/or improve their financial situation during these difficult times. If you can't afford to give a monetary gift, please visit our Amazon Wish List where you can choose from a variety of items that CAAB needs in order to better serve our community.

or send a check or money order to
Capital Area Asset Builders (CAAB)
c/o Joseph Leitmann-Santa Cruz, CEO & Executive Director
1100 H Street NW, Suite 200
Washington, DC 20005