8/2/2023 0 Comments H r block calculator![]() You and your spouse earned a combined $80,000 in 2018. How to Estimate Your 2019 Tax Liability – An Example Complete the new Form W-4 as soon as possible. The longer you wait, the fewer pay periods you’ll have to take advantage of your new withholding amount.This will reduce your withholding (and increase your take-home pay). If you want a smaller refund, or a balance due, increase your allowances. Or, you can add a fixed amount to be withheld from every paycheck. ![]() If you submit the form in 2019, you will reduce your “withholding allowances.” This increases the taxes your employer withholds (and reduces your take-home pay). To make changes, complete a new Form W-4. If you want a larger refund, you’ll make changes so your employer will withhold more tax.Divide the amount you still owe by your remaining pay periods. This is the amount you should withhold from each paycheck for the rest of the year to cover your estimated tax bill. ![]()
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