TurboTax comes up-to-date with the latest tax laws. It provides a simple interface where you can enter details such as what you do for a living, whether you own a home, if you have any children, and charitable donations you made in the year. You can choose to withhold taxes from both incomes using the pre-filled Form W-4 on the Results Page (Step 6). TurboTax 2017 can be used to prepare and file tax returns for USA and Canada. If you have Wage income plus Pension/Social Security income: We recommend you fill out a Form W-4P PDFas the Tax Withholding Estimator will no longer provide recommendations for withholding on pension income. Use the Tax Withholding Estimator If you have only Pension income (and no wage income): It’s a self-service tool you can use to complete or adjust your Form W-4 to help you figure out the right federal income tax to have withheld from your paycheck. If you have a salary or an hourly job, the Tax Withholding Estimator is for you. Keep in mind that the Tax Withholding Estimator’s results will only be as accurate as the information you enter. Have your most recent income tax return handy.Ĭlear your browser cache to get the most recent updates. Gather information for other sources of income you may have. Before You Begin Gather the most recent pay statements for yourself, and if you are married, for your spouse too.
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