How do I calculate the federal tax withheld from pay? Do I need to complete a personal allowances worksheet?
To determine the correct federal tax withheld from your pay, you will need to complete the personal allowances worksheet on your W-4. Your withholding is based on:
- Your filing status (Ex: single or married filing jointly)
- The number of allowances you claim
- Other information
You can increase your refund by:
- Reducing the number of allowances claimed
- Having an additional amount withheld from each paycheck
File your W-4 with your employer, so your employer can withhold the correct amount of tax.