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It's kind of silly to be getting such a huge refund - that's over $500 per month that you're letting the IRS have. Is your income excessively variable or something? Anyway, the IRS's own calculator (at is actually pretty good at getting the number right. And assuming you get a regular accounting of where you stand, you ought to be able to project fairly well how you're doing with withholding as the year goes on. If nothing else, adjust your withholding to sail into a safe harbor... If the problem is that your income varies dramatically from month to month or quarter to quarter, you might have a look at edcosoft's nifty spreadsheet for making optimal estimated tax payments.

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