Form W-4 Tax Withholding Calculator

Throughout each tax year (and especially close to the beginning), eFile Taxperts encourage taxpayers to review and adjust the W-4 Form representing each of their jobs. Tax withholding directly impacts a taxpayer's tax return refund or the amount of taxes owed. That's why we here at eFile want to provide an overview of how the W-4 can benefit you with your tax planning. Did you know? A large tax refund is often a self-inflicted financial penalty!

Read more about Form W-4, Withholding, and Tax Estimates using the following resources:

What is a Form W-4?

How to complete a W-4?

Types of W4 Forms

W4 Tax Withholding Calculator

W-4 withholding examples

Is a Large Tax Refund a Self Imposted Penalty?

Create, Complete your Form W-4

You have 2 options to create a W-4. The Form Creator guides you through to just fill out a Form W-4 without additional calculations. Use the PAYucator and enter your paycheck information and your W-4 will be created based on that. Make adjustments based on your tax goal.

Form W-4 Creator: Create, Fill-out Form W-4: Online tool to complete, fill-out a W-4 without any additional calculations, suggestions.
PAYucator based W-4: Create Form W-4 based on your Paycheck. Complete, adjust your paycheck and the tool will create a Form W-4 based on your paycheck results.

In general, a tax refund consists of money you get back from withholding, but that amount may be enhanced by refundable tax credits. See this page for details on when your tax refund may be the result of free IRS money and when it is not. Having said that, there are certain tax returns that can expect a tax refund even though their tax withholding was low or even zero. Learn more about tax returns with little or no tax withholding.

The table below details Form W-4 and our various W-4 creator tools. We want to help you keep more of your hard-earned money during the year!

Ways to Calculate and Create a W-4

Unfortunately, determining the correct amount of tax withholding each year on a W-4 form is now more complicated than ever for many taxpayers. Many taxpayers have asked our experts questions such as: Why doesn't the W-4 show the actual dollar withholding amount? After considering those concerns, we here at eFile.com have spent considerable time developing tools to help taxpayers conquer this task with ease.

Tool, Calculator Name

Description

W-4 Creator

Create, sign, and distribute your Form W-4 without any prior tax estimate calculations. Use this tool if you already know what to enter on the Form W4.
Start the W-4 Creator

Paycheck Calculator

Determine your Tax Withholding Amount based on your paycheck-based income, number of dependents, and deductions. Based on the results, you can create your W-4 and manage your tax withholding for the remainder of the year.
Start the Paycheck Calculator

Income Tax Rate

This calculator (or should we say RATEucator) will estimate your annual Federal Income Taxes based on your total annual income. Based on the results, you can create your W-4 and manage your tax withholding for the remainder of the year.
Start the RATEucator

Taxercise Your
Paycheck Via
Form W-4

Tax Calculator

This calculator (this one is a TAXstimator) will estimate this year's tax return before it's due next year. Based on the results, you can create your W-4 and manage your tax withholding for the remainder of the year.
Start the TAXstimator

State Income Taxes

This calculator (AKA the STATEucator) estimates your annual State Income Taxes based on your total annual income. Based on these results, you can create your W-4 and manage your tax withholding for the remainder of the year.
Start the STATEucator

Taxpert^®

Discuss your W-4 questions and goals with a Taxpert for free, and we will guide you through the process.

We at eFile.com recognize the complexity of the design of the W-4 form, and we are here to assist you at every level. We consider the W-4 Form an important part of your financial and tax return planning.

Plan Your Withholding Now

Manage or reduce your tax withholding now via the Form W-4 and keep your money in the present and throughout the current year. When you do not withhold an optimal amount, you are handing over too much of your own money in your tax withholding to the IRS only to get that same money back again next year via your tax refund.

Remember, as a result of the Covid pandemic, the IRS delayed Tax Refunds due to a shortage of staff. As a result, taxpayers with neglected W-4 planning or too much tax withholding waited to get back their own money via tax refund.

TurboTax^® is a registered trademark of Intuit, Inc.
H&R Block^® is a registered trademark of HRB Innovations, Inc.