Welcome. My name is XXXXX XXXXX it will be my pleasure to assist you with your tax question today.
Please tell me the year-to-date federal tax amount that has been withheld this year as well as the withholding amount from your last paycheck.
I need this information to advise you accurately on how to fill out your W-4.
Give me a moment and I'll be right back with you.
Based on the information you have given me, the IRS Withholding Calculator results are as follows:
For 2013 your tax liability will be $9,548. If you do not change your current withholding arrangement, you will have $12,292 withheld for 2013 resulting in an overpayment of $2,744 when you file your return. If you want your withholding to more closely match your anticipated tax, adjust your withholding on a new Form W-4 as follows:
Assuming this recommendation is in effect for the rest of 2013 your expected refund should be about $150. Following this recommendation will ensure that the amount withheld from your wages will cover all of your projected tax liability while minimizing your refund.
Please let me know if you need further information or clarification.
I did utilize the IRS calculator with the information you gave me, and it is the advice provided based on that information. If you want to minimize the amount withheld from your paychecks but receive less of a refund when you file your taxes, you would claim a higher allowance amount. If you prefer to receive almost $3,000 as a refund, you can leave your allowance as it is.