Originally Posted by Templar
Question for you CPA's and smart tax folks. I'm active duty Army, so I feel that I have little to no control over my income. Is it even possible for me to adjust my withholding so that I do not get a refund and do not owe anything come tax time? I don't know of any method I could use to do so in the military... I usually always get a refund. Depending on deployed time, it can be a lot or not so much, but I don't remember a year since I started filing taxes that I haven't gotten a refund.
Sorry bro. Got no military clients so I have no idea if military even has a W-4. To get the perfect paycheck though, you need to figure out your tax for the year (dinkytown.com has a nice web tool) and divide it by # of paychecks you get. Then go to paycheckcity.com. Put your income in and keep increasing the federal deductions until you reach the amount you got earlier. For state, do the same. GL!