Page 29 - Tax Withholding Estimator FAQ's

I found my results

inaccurate based on my

inputs. Why is that so?

We recommend you check your input s for
federal income t ax wit hheld on St ep 2.
Common mist akes made on t his page can
great ly impact t he amount s reflect ed in
result s:
- Double-check t o make sure t he ?Year
t o dat e? field includes t he t ot al
federal income t ax wit hheld and t he
?Per Pay Period? field includes only
what was wit hheld for t hat pay
period.
- Ensure you are referencing your Results Page
most recent 2020 payst ub and not
one from a previous year.
- Double-check t he income you have
ent ered. If your job is for a part ial How is my anticipated tax
year and not t he full year, please
make sure t o adjust your income obligation calculated?
accordingly.
- The Tax Withholding
How is my expected tax

withholding calculated? Estimator uses your filing
status, income,

For jobs/pensions t hat you current ly hold: adjustments, deductions,
and credits to estimate your
The expected tax withholding is projected by
multiplying the anticipated number of remaining pay anticipated tax obligation.
periods you have for the year with the amount - Your actual tax obligation
withheld per pay period and adding it to the
withholding to date. The tool adds any estimated tax may differ from this if the
payments made or any other taxes paid for other amounts you entered are
sources of income in the expected tax withholding
calculation to determine the total amount expected to incorrect or if your situation
be paid for the year.
involves tax requirements
For jobs/pensions t hat have not st art ed yet :
or benefits not included in
The application uses the standard withholding amount this application.
based on your filing status and estimated income. You
can request deviations from the standard withholding
on a Form W-4, and the tool will instruct you how to
make those adjustments.