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7lexliv7 t1_j6i8v7e wrote

Reply to comment by ChickenCheeks7 in LPT Request: Why is my tax return so low? by ChickenCheeks7

If you elected to have $20 taken out of each paycheck in addition to the amount the W-4 calculation came up with then you played that very well.

If you hadn’t taken out that $20 a paycheck and if you’re paid each week you would be about $1000 short of the total tax amount you owe for 2022 and you would have to pay about $1000 by April 15

I find the “new” w-4 to be very confusing. I’m laughing at myself saying “new” as it’s like 4-5 years old now).

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ChickenCheeks7 OP t1_j6ie516 wrote

What was it like before?

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7lexliv7 t1_j6jppp5 wrote

You used to control your withholding by claiming allowances. It was just one number that you could adjust up or down to withhold less or more money (although you could also say withhold $x a paycheck in addition like you did with the $20)

Now it’s that full page - several sections. I guess it is better at estimating what you should withhold but more complicated.

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