If you got a big refund or owed far more than you expected on your 2024 taxes, there’s a chance you can make some adjustments on your W-4 Form with Nucor to help this year. This can be confusing. Ideally, visit with your CPA or tax consultant before making adjustments. If you don’t have one, you could go to the IRS website and use the “Tax Withholding Calculator”. Input your information and calculate your potential tax due by year-end. Based on your current withholdings, you can then adjust up or down on your W-4 Form to try to more accurately pay in this year (if you have a spouse that works, do the same with their employer). The most financially efficient scenario is not to owe extra OR get a refund!
CalmWater Financial Network®, 3204 W Benjamin Ave, Suite 200, Norfolk, NE 68701 ~ (402) 371-5511
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth.
www.calmwaterfinancialnetwork.com