Insights
W2 + Side Hustle? Here's Why Your Withholding Is Probably Wrong
TODO: paste finished article content here.
Try It Yourself
W-4 Withholding Checkup
Leave deductions at $0 if you'll take the standard deduction — most people do.
Estimated Tax Owed
$6,570
for the full year
On Track to Withhold
$9,100
at this rate, 26× a year
You're on track for a refund
$2,530
To even this out, adjust Step 4(c) "Extra withholding" on your W-4 by about $97 per paycheck less, and give it to your employer's payroll/HR.
This is an educational estimate, not tax advice, and covers one job only — it does not account for a second job or a working spouse's income (Step 2 of the W-4), itemized deductions beyond the number you enter, credits other than the Child Tax Credit, self-employment income, or state withholding. The IRS's own Tax Withholding Estimator at irs.gov can give you exact numbers for your specific W-4. Consult with a tax professional before making changes.
The information provided on this site is for general informational purposes only and does not constitute tax, legal, or financial advice. Every situation is different — consult a qualified professional regarding your specific circumstances before making any financial or tax decisions.