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The 2025 tax brackets apply to the income that you will earn in 2025 and the taxes you will pay in early 2026. ... Your employer will calculate the correct withholding based on your preferences ...
Prior to 2020, you would select a withholding number that made the most sense for your tax situation. Since the Tax Cut and Jobs Act of 2017, however, the IRS did away with that process for a ...
To protect yourself, the IRS’s Tax Withholding Estimator calculator is the best tool. This helps you target a specific refund amount and help you best prepare for it through adjustment withholdings.
Termini breaks it down: “That means a person who expects to make $175,000 in 2025 would be subject to an additional $396.80 in Social Security withholding (for the whole year, not per paycheck).”
Explore More: 6 Reasons Your Tax Refund Will Be Higher in 2025. Check Out: ... In addition, Gannon suggested using the IRS’s tax withholding estimator to help with the W-4 form.
Establishing the proper tax withholding is both an art and a science. Too much withholding means you overpaid throughout the year, giving the government an interest-free loan; too little means you ...