Submitted by Kat45364 t3_11dhjmk in personalfinance
DeluxeXL t1_ja8mc2w wrote
>change status to married with no dependents from single at job.
This.
If there is only one job total among the both of you, this is the correct choice.
Kat45364 OP t1_ja8mifm wrote
We both work full time and bring in two spectate Incomes
DeluxeXL t1_ja8mpfs wrote
Then you should have gone through the W-4 carefully.
>Step 2: Multiple Jobs or Spouse Works
Depending on how different the two jobs pay, it can be as simple as checking that box, using the worksheet, or going through IRS withholding calculator.
np20412 t1_ja8n557 wrote
this is why. Change your W-4 back to single or if you keep it as married then you both need to check the "spouse works" box in step 2c of the W4
Lightening_Bug_ t1_ja8ndj9 wrote
You need to revisit your W4 and adjust for both of you working. It is Step 2 on the form ‘Multiple Jobs or Spouse works.’ You can also request higher w/h amount. I believe there is an online calculator you can use to figure out the amounts but do it now so that you don’t get surprised come tax time next year.
Mashtatoes t1_ja8myw2 wrote
Without any other changes, this tells them to withhold taxes like your spouse does not work. This means they assume you get both your and your spouse’s standard deductions and lower-income-tax-buckets.
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