Fine-Tune Your Withholding

The amount of money you have withheld from your paycheck can make a big difference when it comes to tax time. With the new tax laws taking effect, you need to be sure to update your W-4 to be sure the optimal amount is taken out each payday. This quick form will help you determine the best amount to withhold.

If the Estimated Result from the last page predicted that you will owe tax, enter any additional estimated tax you plan to pay for 2002.

  

You

Your Spouse

Gross pay each paycheck

Other payroll deductions

Recommended W-4 box 3 status

Recommended W-4 box 5 amount

Recommended W-4 box 6 amount

Estimated result after withholding adjustment

Note: If you will still owe tax after the withholding adjustment, you may need to increase your estimated tax payments to avoid a penalty.