Withholding in W4 - alimony/spousal support?
January 22, 2013 11:29 AM Subscribe
What withholding should I put in my W4 if I'm paying alimony/spousal support?
posted by anonymous to Work & Money (6 answers total)
I know you're not my Certified Public Accountant.
I'd use the IRS calculator
, but it's currently down.
Let's say that I have an income of $160,000 and I need to payout 40% of my income in alimony/spousal support as per a recent divorce. There are no children or dependents.
How many allowances should I claim?
What additional amount should I have withheld from each paycheck?
I'd like to avoid having a massive refund next year - and also my cashflow is pretty screwed up right now.
My head is spinning so perhaps I'm not in the best state to research and calculate this myself.