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Knowing this information beforehand helps you better plan your personal or business finances and create a budget that accounts for any tax obligations you may have. You can use our payroll deductions calculator to calculate your employees’ take-home pay ...

The IRS Tax Withholding Estimator is a free and essential tool for U.S. taxpayers who want to make sure the right amount is withheld from their paychecks.

Note: Self-employed individuals and those with other tax situations may also use the W-4 form to calculate withholding; more on that below.