[Randy Larsen]

Would any of you wise FReepers help me or point me in the the right direction. I need to adjust my deductions from my paycheck so that I don't overpay my income taxes.

Please help!

[justlurking]

Would any of you wise FReepers help me or point me in the the right direction. I need to adjust my deductions from my paycheck so that I don't overpay my income taxes.

Use the worksheet attached to the W-4 form that you will have to fill out to change your withholding allowances:

Form W-4 (2010)

[GQuagmire]

w-4 form through your employer. claim 0 for more taxes taken out, 1 for less

[icwhatudo]

Increase your withholding allowances (they have no relation to the number of dependents) Ask your employer for a new W-4 (Employee’s Withholding Allowance Certificate), or print one out from the IRS Web site.

This is done on line 5 of the W-4.

Sign the W-4 form and give a copy to your employer.

Monitor your future paychecks to make sure the change has been made.

[freedumb2003]

Be very very careful.

If you owe a lot at the end of the year, then unka obama will either require you file quarterly OR just fine you, especially if it happens for a few consecutive years.

[KoRn]

You.... and everyone else should adjust their withholding to where nearly nothing is withheld from your paychecks, above what is mandatory.

People shouldn’t give the government what is in effect an interest free loan from your paychecks. If everyone would do this, it would be fun to see the results.

lol They would probably need to double the amount of their pathetic Treasury actions every week to keep the check and money printers running.