How much federal taxes are taken out of your paycheck in tx?

Answer 1

Texas does not have State income tax, therefore nothing is deducted on the State level.

The amount that is taken out for Federal is determined by how YOU direct by filling out your W-4 when you signed up with your employer. The W-4 allows you to determine the number of exemptions (number of people that you support during the year) that you want to claim. The more exemptions that you claim, the less tax that is deducted. The amount of tax deducted is totally under your control. It is not a required percent or somrthing fixed in a chart. The W-4 has some excellent instructions and calculations to make sure it is close to the amount needed.

Be careful not to have too many exemptiions listed during the year as you will have to make up any deficiencies at the end of the year when you file your 1040. And additional interest and penalties.

Obviously this is only the income tax withholding. Many other things are paid fom your check and some people consider them taxes. However, they are generally not, but rather insurance, like unemployment, disability, social security, etc., etc, all which depend on your own situation.

Answer 2

It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax.

The amount of tax withheld also depends on may things...obviously which state (or even city) your in, the amount of income your projected on earning over the year, (which helps determine your tax bracket and the percent that may be needed), as well as your filing status, number of dependents and other deductions. All these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to.

Two people, even with the exact same jobs and salary, would normally have very different amounts wittheld...because their personal situations are different.

Finally, there are a number of different legal ways for the payroll provider to calculate certain aspects of the amount to withhold...but overall they make only a small difference.

Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty). Again, adjusting your W-4 is the way to correct for any of these circumstances.