IRS Witholding Calculator

February 25, 2009

I completed my taxes using TurboTax as soon as I received my W-2 a month ago, but I haven’t been able to file my taxes as I haven’t received my K-1 statement for my dividend distributions as a principal in an S-Corporation. So I am impatiently waiting to file for my refund. In the meantime, I visited the IRS website andused the IRS Withholding Calculator to determine the correct number of exemptions to claim on my W-4 so that next year I am not sitting around waiting on such a significant refund.


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