Fed & AZ withholding forms for 2011
The new forms and the choices make sense but, the worksheets will make your head explode. Hint: don't use the worksheets
Your AZ withholding amount used to be a percentage of what you had withheld for your Federal tax. Since the Feds mucked things up, AZ broke their shackles and allowed your withholding choices to be based upon your particular AZ tax liability.
Generally speaking, your AZ tax liability, for now, is about 3%.
Go ahead and look at last year's AZ tax return - it's ok, I'll wait. Now take a tax liability amount like line 25 or line 30 and divide that by line 12 which is your Adjust Gross Income (AGI) from your Fed tax return. Come up with around 3%? I knew you would.
So what would be a good choice on the new withholding forms? Anyone? Anyone? Bueller? That's right - somewhere around 3%.
Here are the fun new forms:
| 2011 Fed withholding |
| 2011 Fed w/h from Pensions |
| ss_withholding_w4.pdf |
| 2011 AZ Withholding |
| 2011 AZ Pension Withholding |
