I'm expecting a very large NY state tax refund this year of over $6k. I'd like to offset this by adjusting my tax withholdings for my new job, which I just started.
I'm filling out an IT-2104 for NY and it asks for filing status. To have less $ withheld upfront, should I choose Married? My tax filing status is married filing separately (I'm in the process of a divorce).
I played around with a paycheck calc to see how different allowances would affect my withholding. On the extreme end, if I elect 9 allowances, it barely reduces my tax withholding per paycheck compared to 0 allowances. Increasing my allowances is not going to reduce the refund by more than $500.
Are there any other levers I can adjust to offset this big refund I'm expecting?