Are my first paycheck tax withholdings too high?
It is hard to tell if initial tax deductions are correct or simply reflective of how much taxes cost. This uncertainty leaves new workers unable to figure out how to calculate or verify the proper amount to withhold.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
- 1Using online paycheck calculators
- 2Breaking down individual taxes and deductions manually
- 3Comparing tax percentages with other earners
- 4Withhold 22% plus the state tax rate as an approximation.
In their words
Unedited, most upvoted first, each linked to the thread it came from.
“I’m not sure if my withholdings are wrong as this seems steep, or am I just being ignorant as to how much taxes actually are unfortunately?”source ↗
Ashamed_Ratio8121 · r/personalfinance · 13 upvotes
“How do I go about calculating how much to withhold for taxes?”source ↗
Cool_Funny_7725 · r/personalfinance · 2 upvotes
Where this came up
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