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W4 completed incorrectly and how much additional taxes should I have withheld?
I don't think I completed the W4 correctly for new part-time job. I'm married filing jointly and both of us are working. Just started a part-time job with an estimated gross pay of $39,600 for remaining 2022. My total income for 2022 from other sources is $309,402 (excluding income from new part-time job). I noticed my first paystub only had $2.48 withheld for federal taxes...obviously this is incorrect and it needs to be greater. My spouse's estimated income for this year will be $280K-$290K. In order to not get killed on having to pay additional fed taxes at year's end. How much more should I have withheld from current part-time job? 10% of gross per paycheck? I get paid semi-monthly.
Thank you.
‎July 27, 2022
4:55 PM