I'm changing jobsand am taking a rather large paycut. I am trying to get a realistic handle on my W4 witholding for next year's reduced income. Is there a place to run a 2003 witholding calculator or are there not enough tax changes to make the IRS 2002 calculator unreliable. Just figured I'm going to need to bring home as much doe as I can.......Thanks
The 2002 calculator should be good enough for a first analysis. Some of the indexed amounts (standard deduction, exemptions, tax bracket cut offs) will change in 2003, but not drastically. You can submit a new W-4 based on your preliminary calculations and then amend it once the new calculator is available.Ira
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