How to Determine Federal & State Tax Withheld

During the year, your employer will withhold money from your paycheck to go toward your federal and state income taxes at the end of the year. If you fear your employer has not withheld enough money, you can make estimated payments on your own. Knowing how much you have had withheld is very important when you file your federal and state tax returns because you have to include those withholding payments or you will end up paying taxes twice. In order to know how much you have had withheld, you need your W-2 forms from your employers, 1099-INT forms from your financial institutions records of any estimated payments you have made during the year.

Things You'll Need

• W-2 forms
• 1099-INT forms

Instructions

1. Gather your W-2 statements, 1099-INT statements and receipts estimated tax payments you made during the year.

2. Determine the amount of federal tax withheld by adding the amounts from box 2 of all of your W-2 forms, box 4 of the 1099-INT forms and any federal estimated tax payments you made during the year.

3. Determine the amount of state tax withheld by adding the amounts from box 17 of your W-2 forms and any state tax withholding payments you have made during the year.

References

• Internal Revenue Service: W-2 Form
• Internal Revenue Service: Form 1099-INT