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figuring witholdings for 2 jobs
My work status changed recently - I left 1 full-time salaried job (#1) for another salaried job (#2) which pays less. I will continue to work at job #1 per diem and have retirement contributions taken from job #2. I am trying to figure out how to manage withholdings on both W-4s. I have made more at job #1 than I will at job #2 for remainder of year, plus my taxable income for job #2 is reduced due to the retirement contributions. When updating/completing W-4s for both employers, I selected the option for working two jobs and letting the withholdings be done automatically, but I'm not sure that's the best way to meet my goal, which is to set my withholdings so I don't receive or pay a substantial refund.
‎July 27, 2022
10:23 AM