Post # 1
I got married last month and have successfully changed my name and all that paperwork. My contracting company recently merged/bought whatever and I have to fill out all that anoyning paperwork that comes with starting a new job. Thus I’m looking at this W-4 form with a whole lot more anexity than in my single days.
How do 2 married adults both working full time making pretty much the same amount (40K each) fill out the W-4? Do we both submit a new one to our employer? Does it even matter this calendar year?
what are these terms? head of household, multiple job worksheets? yikes!
Post # 3
There is a worksheet (Two Earner worksheet) on the 2nd page on the W-4 form to determine how much should be withheld. Usually, the spouse that makes the lowest amount of money should have 0 exemptions on the W-4 and the other spouse should take all the exemptions that you qualify for. I would try to change it this year for one so you don’t forget and 2 because otherwise you will almost certainly have way too much tax withheld during the year. PM me if you have more questions (I did taxes for a few years)!
Post # 4
Uh, I didn’t even think about that. We already live together and own a home so we are just going to keep the W-4 setup we have now. I think it’ll change when we have kids though. Can’t you still just claim one on your paycheck and it be okay? I guess I don’t know. I guess maybe ask your benefits/payroll department and see if they know? Or a bee on here knows and makes it easier for you. 😉 I would say you do need to at least fill out a new one with the name change but he doesn’t. Also, if you have an accountant they should be able to help you…or at least call someone and they can tell you maybe?