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Paycheck Calculator and W-4 Creator

your tax refund now

Paycheck based W-4 Estimator, Creator

Use the Paycheck Calculator or W-4 Creator below and, at the end of the calculation in section P16.3, you will see your per paycheck tax withholding amount based on your selected pay period. You will find instructions on how to increase or decrease that tax withholding amount. When done, create the W-4 and the result of that W-4 will be based on your paycheck calculation results. Complicated? Yes, it might seem so, but since the W-4 is created this way, that is all we have to work with. The tool below will walk you through a simplified series of entries that will be used to calculate complete your W-4; contact a Taxpert® if you have questions.

Either enter your actual paycheck amounts or estimate it. If your spouse has a job, do not combine the income, but create a W-4 for each person. See more options and tools to calculate and create W4 forms to further optimize your tax withholding based on your individual estimated or actual income. Keep in mind that in most cases a tax refund is the result of too much paycheck tax withholding. In other words, a taxpayer would hand over hard earned income only to get this back in form a tax refund. A tax refund is generally NOT free IRS or government money, it's your money!

Paycheck and W4 Calculator
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How much in IRS or federal taxes would you like to withhold from each of your paychecks?

Start the Paycheck Calculator

Estimate your 2022 Paycheck Tax Withholding - Help
P1 Select Your Filing Status
As of December 31 of this year.
Estimate your 2022 Paycheck Tax Withholding - Details
P5 How often do you get paid? Number of paychecks/month for this job
P6 Enter your Gross Paycheck Dollar ($) Amount
per pay period as selected above.
P7 Health Plan Contributions per Pay Period If no contributions, enter 0
P8 Health Savings Account (HSA)
Contributions per Pay Period If no contributions, enter 0
P9 Retirement/401K Contributions per Pay Period If no contributions, enter 0
P10 Other Pre-Tax Deductions per Pay Period If no deductions, enter 0
P11 Your per pay period taxable income is: $0.00 Continue and answer questions about other tax scenarios you might have.
P12 Number of Active, Current Jobs Enter your and your spouse's jobs; do not enter 0 or zero.
P13 Other Yearly Income Income for which you currently do not withhold taxes
P14 Other Estimated Annual
Tax Return Deduction Amount Do NOT include the standard deduction; the tool has included them for you based on your filing status: $.
P15 Enter Extra Federal Tax Withholding
per paycheck periodAmount of additional IRS tax withholding per paycheck pay period
Make sure you have answered all questions and/or have values entered before you can continue by clicking below on Calculate Federal Tax Withheld.
Keep in mind, for W-4 planning or creation purposes, you can change the answers or values here as the W-4 Form is a planning tool for you to manage your IRS tax withholding amount. For planning purposes, enter different values and monitor the results on the next page.
Paycheck Results For This Job

Per Pay Period Results

P16.1 Your Estimated Gross Income per Pay Period
$0.00
P16.2 Your Estimated Net Paycheck per Pay Period
$0.00
P16.3 Your Estimated IRS Tax Withholding per Pay Period
$0.00
Other Estimated Paycheck Items per Pay Period
Pre-Tax Deduction
$0.00
Medicare Withheld
$0.00
Social Security Withheld
$0.00

Annual Results

Your Estimated Annual Gross Income
$0.00
Your Estimated Annual Net Income
$0.00
Your Estimated Annual IRS Tax Withholding
$0.00
Other Estimated Annual Paycheck Totals
Pre-Tax Deduction
$0.00
Medicare Withheld
$0.00
Social Security Withheld
$0.00

If you want to change the IRS tax withholding amount listed under P16.3 above, select one of the links below. What is important is that you achieve your tax return goals; keep more of your money per paycheck and not owe taxes on your next tax return. Feel free to contact a Taxpert® if you need further assistance with this very important financial planning step. Once your per paycheck IRS tax withholding amount matches your goal, click the Create My New W-4 button below and your form will be generated based on that IRS tax withholding amount.

P16.4 See steps to take to Decrease Your Paycheck Tax Withholding Amount

P16.5 See steps to take to Increase Your Paycheck Tax Withholding Amount

Create My New W-4
P17 Enter the date on which you will submit this W-4 Form to your employer.
Learn More
Next
P18 Enter your information.
Why is this needed?
First Name
Middle Name Initial
Last Name
Address
City / Town
State
Zip
Next
P19 Enter your Social Security Number.
Why is this needed?
Next
P20 Sign the Form W-4.
Type or draw your signature
Clear Next
P21 Enter your email address.
Enter your or your employer's email
Email This Form W-4

Creating a W-4 is simple with Taxpert! Use the tool to answer simple questions based on your paycheck. This way, you do not have to work on complicated IRS forms line-by-line nor have extensive tax knowledge.

  • Once you are done, take it a step further and estimate your annual taxes based on the W-4 tax withholding you have just calculated: use the current year tax calculator.
  • Prepare to tax prepare - learn how to begin planning for your tax return by keeping track of your finances and their tax implications during the year.

Contact a Taxpert® to discuss your individual W-4 planning challenges.

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