Submitted by ipoopsparkles123 t3_126581s in personalfinance
Rave-Unicorn-Votive t1_je7n3fd wrote
Reply to comment by ipoopsparkles123 in W4 Help Please Confused by ipoopsparkles123
>I’m not really clear why the simple MFJ and 2 jobs was wrong last year.
Do any of the following apply:
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dissimilar incomes between spouses
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significant non-wage income
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significant wage income from bonuses/commissions and ≥24% tax bracket
>So should we both do the 2 jobs and I leave the additional amount?
Depending on how you calculated the additional amount, possibly. Or, you could leave the 2 jobs box as is and increase the additional. It's just different levers adjusting one total.
ipoopsparkles123 OP t1_je7nrwk wrote
I had a sign on bonus last year but not the 24% bracket. No the the other two descriptions as well.
Rave-Unicorn-Votive t1_je7ovmd wrote
Hmm, Married + 2 jobs or Single should work in your situation. Are you sure both of you had the right W4 options selected?
ipoopsparkles123 OP t1_je7p8d7 wrote
Yes we both double checked it. I wonder if one of the hr systems is wrong.
Rave-Unicorn-Votive t1_je7zzxr wrote
It is possible for transcription errors to occur. Run your paychecks through a paycheck calculator with the W4 settings you think you have and see if the deductions match.
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