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URL:  http://boards.fool.com/trying-to-figure-out-withholding-rates-30514760.aspx

Subject:  Trying to figure out withholding rates Date:  1/30/2013  8:17 AM
Author:  jmrut Number:  117596 of 121565

Hi,

I live in NC but work in VA. I do have about 13k/yr in NC income that withholds NC taxes. I have 72K/yr income in VA with their taxes.

What I can never seem to understand with trying to fill out the w4 form is how much each deduction affects the tax withholding. Currently I have selected married with no deductions. If I add one deduction, how does that affect the withholding? I know it reduces it but by how much?

For NC, if I choose married by withhold at higher single rate, what does that mean in real figures?

My goal is to get my taxes more evenly distributed. I don't have enough NC tax withheld but have too much VA tax withheld.

Thanks,
Rut
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