The Small Business Tax Help Blog

Posts Tagged ‘tax withholding on commissions’

Question: W-4, how do I know I am having enough money withheld?

I just started a new job and claimed 1 on my W-4. My husband farms and we have one child. At my old job I claimed zero. The reasoning for this I was because I was paid commission that the business didn’t withhold tax from. By claiming zero I had hopes in covering the tax I would owe no the commission.

Today I received my first pay check and next to nothing was withheld. That makes me nervous as I would rather have a tax return than have to pay in. Any advice?

Answer: Turbotax.com has a Paycheck Withholding calculator to help you with this.

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