Submitted by has_potential t3_10q3yi9 in personalfinance
Its-a-write-off t1_j6nqq3t wrote
Reply to comment by has_potential in Tax Claim Question for new job by has_potential
There is no way to know the amount of refund without knowing what setting you have on your w4. We don't know if you new w4 form married 0, single 0, old form married 0, new form single 0. Those are all different.
If you and her are both at single, 0 adjustments on the new w4 you should get a refund of about 6000. If you are at married 0 though, then the refund will be less, how much less depends on your total income.
has_potential OP t1_j6nr8h1 wrote
Thanks. This all seems very confusing. Just want to get the 6K and call it good. Lol.
Its-a-write-off t1_j6nrgdd wrote
Then switch both of you to the single setting. This accurately allocates half the married standard deduction and tax brackets to each job and withholds enough to cover your taxes. Leaving the child tax credits to be refunded to you when you file.
has_potential OP t1_j6ns7ka wrote
So we wouldn't file "married filed jointly "?
Sorry if this is too much. My status. In military mypay is married, 0 exemptions, 0 additional deduction.
Multiple jobs or spouse works is an optional selection and I don't have it selected.
Its-a-write-off t1_j6nslwr wrote
On your w4 form you use the single setting for withholding. This is just for a math equation to make sure enough is withheld. It is not selecting a filing status.
When you file your tax return, the 1040, you file as joint.
You both select single, Both of you. You need to update your w4 too. Don't use married/spouse also works as way too many employers are messing that setting up.
has_potential OP t1_j6ntbwj wrote
Ok. Thank you . I'll have to verify me clicking "single" doesn't affect my other information in our mil pay system. Still shows "0" for exemptions. I'll have her select single on hers.
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