Tax Withholding Estimator
(W-4 Form)
Tax Withholding Estimator:
Use this tool to estimate the federal income tax you want your employer to withhold from your paycheck.
This is tax withholding.
See how your withholding affects your refund,
take-home pay or tax due.
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How It Works :
Use this tool to securely:
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Estimate your federal income tax withholding
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See how your refund, take-home pay or tax due are affected by withholding amount
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Choose an estimated withholding amount that works for you
Results are as accurate as the information you enter.
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What You Need/Have this ready:
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Paystubs for all jobs (spouse too)
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Other income info (side jobs, self-employment, investments, etc.)
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Most recent tax return
No personal information is needed. Your information isn't saved
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Don't use this tool if:
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You have a pension but not a job. Estimate your tax withholding with the new Form W-4P.
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You have nonresident alien status. Use Notice 1392, Supplement Form W-4 Instructions for Nonresident Aliens.
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Your tax situation is complex. This includes alternative minimum tax, long-term capital gains or qualified dividends. See Publication 505, Tax Withholding and Estimated Tax.
Beneficial Ownership Information Reporting
(Company Reporting)
Beneficial ownership information
Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company.
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In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.
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A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report.
A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier.
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A person who willfully violates the BOI reporting requirements may be subject to civil penalties of up to $500 for each day that the violation continues. That person may also be subject to criminal penalties of up to two years imprisonment and a fine of up to $10,000. Potential violations include willfully failing to file a beneficial ownership information report, willfully filing false beneficial ownership information, or willfully failing to correct or update previously reported beneficial ownership information.
Compound Interest Calculator
What is Compound Interest?
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In simple terms, compound interest is interest you earn on interest. With a savings account that earns compound interest, you earn interest on the initial principal plus on the interest that accumulates over time.
When you add money to a savings account or a similar account, you receive interest based on the amount that you deposited.
For example, if you deposit $1,000 in an account that pays 1 percent annual interest, you’d earn $10 in interest after a year.
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“Compound interest is the eighth wonder of the world.
He who understands it, earns it ... he who doesn't ... pays it.”
-- Albert Einstein
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