Form W-4 Pages

2023 Paycheck and W4 Check Calculator

Paycheck Calculator

If you know your per pay period payment amount (weekly, twice a month, monthly or even annual) you can estimate your federal tax withholding amount. Based on that amount you can complete your Form W-4 or tax withholding form. Or, if you have your latest pay stub you can use that to create your Form W-4. 

  • The generic design of the Form W-4 does not give you the actual tax withholding amount, therefore we have created this paycheck and integrated W-4 calculator tool for you. Now you can easily create a Form W-4 that reflects your planned tax withholding amount. At the end of the paycheck calculator, you will find steps on how to increase or decrease your tax withholding. You might ask yourself, how do you know if you should increase or decrease your per paycheck tax withholding? Why is this W-4 so complicated?
  • We suggest you lean on your latest tax return to make educated withholding changes. For example, if you received a tax refund, e.g. $1,400, take that refund amount and divide it by the number of months remaining this year (if we are in May, you would have 7 months left (June - December): $1,400 divided by 7 = $200. Let's call this the refund based adjust amount. Then, look at your last paycheck's tax withholding amount, e.g. $250, and subtract the refund adjust amount from that: $250 minus $200 = $50. That result is the tax withholding amount you should aim for when you use this tool, in this example, $50.
Sample Paycheck

The W-4 requires information to be entered by the wage earner in order to tell their employer how much federal income taxes to withholds from their paycheck each pay period. This is done by entering some personal information, how many jobs are held by the employee, and an additional deduction amount per paycheck. The IRS and employer do not easily communicate how much an employee should withhold per paycheck, so we have created four tools to help with this.

Free W-4 Estimator, Creator

Use the PAYucator or W-4 Check tool below and, at the end of the paycheck calculator in section P16.3, you will see your per paycheck tax withholding amount. Plus, you will find instructions on how to increase or decrease that tax withholding amount. When done, create the W-4 and the result of that W-4 will be based on your paycheck calculation results. Complicated? Yes, it might seem so, but since the W-4 is created this way, that is all we have to work with. Contact a Taxpert® if you have questions.

Paycheck Calculator and W-4 Check Tool
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Estimate your Paycheck Tax Withholding - Help
P1 Select Your Filing Status As of Dec. 31 of this year
Estimate your Paycheck Tax Withholding - Details
P5 How often do you get paid? Number of paychecks/month for this job
P6 Enter your Gross Paycheck Dollar ($) Amount per pay period as selected above.
P7 Health Plan Contributions per Pay Period If no contributions, enter 0
P8 Health Savings Account (HSA) Contributions per Pay Period If no contributions, enter 0
P9 Retirement/401K Contributions per Pay Period If no contributions, enter 0
P10 Other Pre-Tax Deductions per Pay Period If no deductions, enter 0
P11 Your per pay period taxable income is: $0.00 Continue and answer questions about other tax scenarios you might have.
P12 Number of Active, Current Jobs Enter your and your spouse's jobs; do not enter 0 or zero.
P13 Other Yearly Income Income for which you currently do not withhold taxes
P14 Other Estimated Annual Income Tax Return Deduction Amount Do NOT include the standard deduction; the tool has included them for you based on your filing status: $.
P15 Enter Extra Federal Tax Withholding per paycheck periodAmount of additional IRS tax withholding per paycheck pay period
Make sure you have answered all questions and/or have values entered before you can continue by clicking below on Calculate Federal Tax Withheld.
Keep in mind, for W-4 planning or creation purposes, you can change the answers or values here as the W-4 Form is a planning tool for you to manage your IRS tax withholding amount. For planning purposes, enter different values and monitor the results on the next page.
Paycheck Results For This Job

Estimated Gross, Net Income and Tax Withholding

Per Pay Period Estimates

P16.1 Your Estimated Gross Income per Pay Period
P16.2 Your Estimated Net Paycheck per Pay Period
P16.3 Your Estimated IRS Tax Withholding per Pay Period
Other Estimated Paycheck Items per Pay Period
Pre-Tax Deduction
Medicare Withheld
Social Security Withheld

Annual Estimates

Your Estimated Annual Gross Income
Your Estimated Annual Net Income
Your Estimated Annual IRS Tax Withholding
Other Estimated Annual Paycheck Totals
Pre-Tax Deduction
Medicare Withheld
Social Security Withheld

If you want to change the IRS tax withholding amount listed under P16.3 above, select one of the links below. What is important is that you achieve your tax return goals; keep more of your money per paycheck and not owe taxes on your next tax return. Feel free to contact an Taxpert® if you need further assistance with this very important financial planning step. Once your per paycheck IRS tax withholding amount matches your goal, click the Create My New W-4 button below and your form will be generated based on that IRS tax withholding amount.

P16.4 See steps to take to Decrease Your Paycheck Tax Withholding Amount

P16.5 See steps to take to Increase Your Paycheck Tax Withholding Amount

P17 Enter the date on which you will submit this W-4 Form to your employer. Details
P18 Enter your information. Details
Name and Address
P20 Social Security Number Why is this needed ?
P20 Signature Type or draw your signature
Draw Type

P21 Email Address Enter your or your employer's email
Disclaimer: makes no warranty as to the accuracy of the results of this estimator or calculator tool. The results are estimates and for informational purposes only, and should not be relied on for tax advice.

Once you have completed your W-4 using the tool above, see the resources below to further your understanding of your tax situation. Start a return on to see how your tax withholding and tax planning went:

Ready to complete your W-4 now: Start W-4 Creator

What is a Form W-4?

How to complete a W-4?

Types of W4 Forms

W4 Tax Withholding Calculator

W-4 withholding examples

Is a Large Tax Refund a Self Imposted Penalty?

  • See how to save on taxes both during the tax year and when you prepare your income tax return.
  • Prepare to tax prepare - learn how to begin planning for your tax return by keeping track of your finances and their tax implications during the year.
  • What is Form W-4? The form is used to adjust your tax withholding; this page gives an overview of the form and how to fill it out and submit it.
  • Use any of these four Form W-4 tool to further optimize your tax withholding based on your individual income situation.
  • Contact an Taxpert® to discuss your individual W-4 planning challenges.