You can't get a copy of your anticipated income tax. However, if you are willing to do some work, you can get a good estimate of what your total taxes should be.
First, review last year's tax return to see if anything from last year to this year is going to significantly change.
Second, review your most recent pay stub to see what has been taken out so far and to see what your current pay stuv includes. You need to review your gross salary, your federal taxes withheld, your state taxes withheld, and any benefits that are taken out pre-tax like 401(k) and medical insurance.
Third, extrapolate the results from your paycheck to get an estimate of your total earnings and deductions for the year.
Fourth, do a mock tax return for the year using last year's tax tables. Are you getting a refund or owe money?
Fifth, if you need additional taxes withheld from your paycheck or less taxes depending on your result, you can change your w-4.
It might take a while, but its worth it.
2006-09-16 09:30:11
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answer #2
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answered by Steve 6
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Your question is not clear. You may be asking about estimated tax payments, what the tax rates are for 2006 or something else altogether. Help us so we can help you!
2006-09-15 22:20:07
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answer #3
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answered by ? 6
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Steve is correct. This is the approach I recommend to anyone asking how many exemptions to claim on a W-4.
2006-09-16 15:15:31
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answer #4
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answered by STEVEN F 7
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