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Reply to "Just did taxes...annoyed. Other people in the same boat?"
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[quote=Anonymous]This is a really useful thread. Thank you OP for starting it. We owe IRS 3x what we owed last year. ($1,000 vs. $333). I got a promotion in 2018, so we may have changed brackets. This thread prompted me to revisit our W-4s and retirement contributions. I had forgotten that (a few years back) we lowered our retirement contributions and changed our W-4s to have extra money withheld for nanny payroll taxes. We no longer have a nanny and still have that extra money withheld. I plan on running our numbers through some calculators to see how we can get the same net pay while increasing our retirement contributions and ensuring we have enough taxes withheld. My payroll department recommended the online calculator at paycheckcity.com to work out changes to W-4's and retirement contributions. There's also the withholding calculator at https://apps.irs.gov/app/withholdingcalculator/[/quote]
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