Higher yields on cash accounts threw me off a little this year on tax calculations. I didn't really factor that in, but no penalty owed so all is good.
We have W-2 income so generally try to adjust federal and state withholding throughout the year.
Since the W-2 income is stable with a predictable increase each year usually I start with last year's tax owed, make a few adjustments, and target that amount for withholding. I target to owe $1000 federal and $500 state. Usually I get pretty close that way.
We have W-2 income so generally try to adjust federal and state withholding throughout the year.
Since the W-2 income is stable with a predictable increase each year usually I start with last year's tax owed, make a few adjustments, and target that amount for withholding. I target to owe $1000 federal and $500 state. Usually I get pretty close that way.
Statistics: Posted by stan1 — Fri Jan 26, 2024 8:54 am — Replies 37 — Views 1936