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1. Embed this notice
   Ryan Castellucci :nonbinary_flag: (ryanc@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:04:52 JST Ryan Castellucci :nonbinary_flag:

   Hey Americans! You're not obligated to give the government a free loan out of your paycheck, so don't! Do the math and submit a W-4 to your employer to minimize your withholding.

   The IRS W-4 calculator is offline until the end of the month, but there are others.

   https://www.hrblock.com/w-4-calculator/

   • Embed this notice
     Royce Williams (tychotithonus@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:08:12 JST Royce Williams

     in reply to

     @ryanc Can't the IRS also require you to pay estimated tax (or at least, penalize you if you don't)?

     https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes

   • Embed this notice
     I Thought I Saw A 2 :donor: (ithoughtisawa2@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:24:06 JST I Thought I Saw A 2 :donor:

     in reply to

     • Royce Williams

     @tychotithonus @ryanc no they can't require estimated payments but yes they can and will impose penalties if you should but don't

   • Embed this notice
     Ryan Castellucci :nonbinary_flag: (ryanc@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:24:06 JST Ryan Castellucci :nonbinary_flag:

     in reply to

     • Royce Williams
     • I Thought I Saw A 2 :donor:

     @ithoughtisawa2 @tychotithonus The exact amount you can under-withhold without incurring penalties can be calculated if your pay is predictable.

     Just sayin'

   • Embed this notice
     Ryan Castellucci :nonbinary_flag: (ryanc@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:25:46 JST Ryan Castellucci :nonbinary_flag:

     in reply to

     • Royce Williams
     • I Thought I Saw A 2 :donor:

     @ithoughtisawa2 @tychotithonus You still owe it later if you under withhold, mind you, there's just no penalty if it's not too much.

   • Embed this notice
     Ryan Castellucci :nonbinary_flag: (ryanc@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:28:17 JST Ryan Castellucci :nonbinary_flag:

     in reply to

     • Royce Williams
     • I Thought I Saw A 2 :donor:

     @ithoughtisawa2 @tychotithonus also the penalties are minimal because mostly only rich people underpay estimated taxes

   • Embed this notice
     I Thought I Saw A 2 :donor: (ithoughtisawa2@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:28:20 JST I Thought I Saw A 2 :donor:

     in reply to

     • Royce Williams

     @ryanc @tychotithonus as long as you withhold at least 110% of what you owed the previous year you're good regardless of the amount owed (I think it's 110%)

   • Embed this notice
     Ryan Castellucci :nonbinary_flag: (ryanc@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:29:03 JST Ryan Castellucci :nonbinary_flag:

     in reply to

     • Royce Williams
     • I Thought I Saw A 2 :donor:

     @ithoughtisawa2 @tychotithonus yeah, something like that, or something like 90% or 95% of the current year

     (ask me how i know)

   • Embed this notice
     I Thought I Saw A 2 :donor: (ithoughtisawa2@infosec.exchange)'s status on Wednesday, 22-Jan-2025 07:39:15 JST I Thought I Saw A 2 :donor:

     in reply to

     • Royce Williams

     @ryanc @tychotithonus I constantly underwithhold and always owe several hundred or more. I've only received an underpayment penalty once or twice. The penalty is not based on the amount you owe, it's based on the difference between what you owe and what you should have paid, so it's really not a bad deal.