Question re: W4
The new W4 confuses me. I am retired and have several part time jobs. The taxes withdrawn from my pension and SSI is generally handled properly.
I also have interest from CDs that do NOT have taxes taken out that I have to pay in April.
My PT jobs have almost NO taxes taken out - I assume because they are usually very small ($60-$250 most weeks). But occasionally have bigger check (up to $500) and still not enough taxes taken out.
So I changed the W4 and it allows you to choose an EXTRA amount to be deducted. I chose $25. This is also not consistent - weeks when I only make $60 I get almost nothing in take home and the bigger checks STILL don’t take enough.
Seems like I should be able to choose a PERCENTAGE which I think would be more accurate.
Anyway around this since my seasonal job is starting and I get paid more (but with not enough taxes taken out)? Thanks
I changed the