W-4 Tax Calculator - Making Work Pay Tax Credit

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W-4 Tax Credit Withholding Calculator - Making Work Pay Tax Credit

The W-4 Tax Credit Withholding Calculator reflects the new withholding amounts created by The Making Work Pay provision of the American Recovery and Reinvestment Act. As of April 1st, your federal tax withholding from your pay checks could be reduced. As a result, you could take home a bigger pay check.

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W-4 Questions

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Details of the Make Work Pay Tax Credit

W-4 Tax Credit Withholding Calculator

Marital Status
Married Single/Head of Household

Gross Wages per pay period:

Retirement plan, Medical & Other pre-tax deductions per pay period

How often do you get paid?

Weekly	Bi-Weekly
Semi-Monthly	Monthly

Withholding Allowances:

Federal Tax already paid/withheld from your wages:

Results

Pay periods remaining	0
Previous withholding per pay period	$0.00
New withholding per pay period	$0.00
Estimated yearly tax payments	$0.00
Tax Credit per pay period	$0.00
Tax Credit (Now until 12/31)	$0.00

The Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals and up to $800 for married taxpayers filing joint returns.

Because the IRS withholding tables cannot take into account the situations listed above, the reduced withholding may actually lead to you owing more taxes than you expected when it is time to file your taxes. As a result, you may need to increase your federal income tax withholding for one or more of your employers in order to ensure that withholding are not reduced more than $400 ($800 if married filing jointly). Just ask your employer(s) to increase withholding to offset the Making Work Pay Credit.

The TaxBrain Tax Calculator is solely an estimation tool. Any information resulting from its use should be used accordingly. Use of this tool for any other purpose, such as preparation of a federal income tax return, is not authorized. This tax tool is provided "AS IS." There is no warranty of any kind regarding the accuracy or completeness of this tool or your results, and the user assumes all risk of use. Use of this tool constitutes your acceptance of these terms.

W-4 Tax Credit Withholding Calculator