Hi Monkey62, It can be tricky finding that sweet spot of tax withheld to not owe taxes and not receive too large a tax refund! There is a W-4 Calculator that takes you step-by-step through the worksheet,
https://turbotax.intuit.com/tax-tools/calculators/w4/
Keep in mind that when you file your tax return, your tax is calculated on your total taxable income from all sources. The new Form W-4 takes into consideration that married filing joint returns have more than one income, which may result in income reaching a higher tax bracket. Tax rates increase as income rises, and only one standard deduction can be claimed on each tax return, regardless of the number of jobs. Therefore, since you have more than one job at a time and are married filing jointly and you both work, more money should usually be withheld from the combined pay for all the jobs than would be withheld if each job was considered by itself.
Here is an IRS resource for the new Form W-4 also,
https://www.irs.gov/newsroom/faqs-on-the-2020-form-w-4
It's always a great idea to compare your 2021 total tax on your 2021 tax return to your year-to-date federal tax withheld on the most recent paycheck for each job you and your wife hold.
I hope this is helpful!
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