Instead, filers are required to enter annual dollar amounts for things such as total annual taxable wages, non-wage income and itemized and other deductions. Just like with your federal income taxes, your employer will withhold part of each of your paychecks to cover state and local taxes. W-4 Withholding Calculator Know how much to withhold from your paycheck to get a bigger refund Get started. It’s important to note that while the W-4 allowed you to claim allowances, the version doesn’t. Borrowing from Your k Many k plans allow you to borrow from your account balance, letting you repay the loan through automatic, after-tax payroll deductions. The calculators on this website are provided by Symmetry Software and are designed to provide general guidance and estimates. Marital Status.