If I claim 0 allowances on my W4 (Fed) and 0 allowances on my VA-4 (State) then how do you calculate how much tax is actually withheld from claiming 0 allowances on each tax?
I was curious if it was a standard percentage or a table or something else and where I could find it for my state (VA) and Fed. Thanks for your help!
2007-04-25 07:48:19 · 2 answers · asked by thamamasboy 1 in Business & Finance ➔ Taxes ➔ United States
IRS website
Circular E lists withholding tables and schedules for different filing statuses, # of allowances claimed, frequency of pay and amount of gross pay per pay period.
VA may have similar table.
2007-04-25 08:05:16 · answer #1 · answered by Mark S 5 · 0⤊ 0⤋
There are some handy tax estimators at http://www.paycheckcity.com that are pretty accurate. You can "slice and dice" any number of ways and see what the results will be.
2007-04-25 08:34:34 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋