For US W2 employees, what percentage of your pay goes straight to federal and state taxes? I’m getting 35% of my pay taken out and that seems so high! I don’t want to lend my money to the government until April.

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https://www.irs.gov/individuals/tax-withholding-estimator

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That percentage depends on how much you make. You can google the federal tax rate brackets for this year. Same applies to state. Depending on your state, you will be taxed based on your bracket

You can reduce your effective tax rate by claiming deductions and other things that may apply to you. You probably will need to work with a Tax advisor for that

Edit : update your withholding , if that’s what you are asking

420k ish HHI and 25% is withheld from each (MFJ)

Thank you!

I make sure I pay every year. The only way to control how much IRS withholds is your number of dependents. You can change that anytime you want. The higher the number of dependent, the less you get withheld. You can put any number here but when you finally file, it has to be correct number. Also be aware that there is a penalty if you owe too much as well.

Too much

Way too many factors to answer this. How do u file? Single, married joint/sep? What’s your annual taxable income? How many dependents?

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