Should I adjust my payroll withholdings?

You can change your withholding to increase your take-home pay ' or your refund.

Each April, many taxpayers find themselves either owing money or getting a refund check, depending on the amount of money they've had withheld from their paychecks. Using this calculator each year can help you make adjustments on your employer W-4 Form that can increase your take-home pay or increase your refund, and prevent you from owing money when tax time rolls around.