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Author: labadie Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121569  
Subject: Calculating future payroll deductions Date: 9/2/2000 3:24 PM
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In a couple of months, I will be getting a significant raise. For financial planning purposes, I'd like to know what the increase in my net pay (i.e. my paycheck) will be. Is there a way to figure this out? If possible, I'd like to do two calculations: 1) assuming that my withholding allowances remain the same; and 2) assuming that I reduce my allowances by 1. I've checked both the Fool and the IRS website, but haven't found any guidance. Thanks in advance for any help.
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Author: euphoriant Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39470 of 121569
Subject: Re: Calculating future payroll deductions Date: 9/2/2000 4:30 PM
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It sounds to me like you need Circular E. You can download this from the IRS website. It will have the information you need to do your calculations.

e

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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39472 of 121569
Subject: Re: Calculating future payroll deductions Date: 9/2/2000 4:34 PM
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Circular E is also known as Publication 15. A faster route would be your payroll office, but if they don't know or that's not practical, you can find the withholding schedules in Circular E. If you have a state income tax, check your state's site for its instructions.

TMF ExRO
Phil Marti

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Author: donk23 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39479 of 121569
Subject: Re: Calculating future payroll deductions Date: 9/2/2000 8:49 PM
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For precise planning, get Publication 15, Circular E (Employer's Tax Guide). It contains the withholding tables for various payroll frequencies plus a formula for calculating withholding. That publication is available here: http://ftp.fedworld.gov/pub/irs-pdf/p15.pdf.

You'll also need to contact your state's tax department (if your state has an income tax) and get the information about that withholding.


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