Submitted by nbny90 t3_10po8lk in personalfinance
Salogy t1_j6lk10n wrote
I made way less than you and my employer withheld $8k in taxes last year for federal income tax.
I would compare this year's taxes with your taxes from last year to figure out the difference if you made the same the past two years.
nbny90 OP t1_j6lk9xk wrote
I just looked at that. Last year they withheld $11,500 in federal taxes.
This year only $5,988 was withheld and I don't know why!
Its-a-write-off t1_j6llkwi wrote
Your w4 was switched to the married withholding rate.
nbny90 OP t1_j6lmmlu wrote
And I'm not supposed to change it back to single once it's in this rate, correct?
MarcableFluke t1_j6lnjp5 wrote
No, you can set it to single. Or you can check box 2c, same thing at your income level.
Kun17 t1_j6lu47r wrote
Checking box 2C withholds more federal taxes?
MarcableFluke t1_j6lvlv9 wrote
Yes, it splits the standard deduction and brackets in half.
Kun17 t1_j6lxgrl wrote
Thank you 🙏🏽
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