My husband and I both have new jobs and our total gross income has increased fairly significantly to $240,000 for 2023. We also own a home which we are renting out on a short-term basis. We anticipate another $25,000 in gross income from the short-term rental before taking into account the associated rental expenses. We both filled out our W-4 forms as married, filing jointly and also checked the box denoting that "we work two jobs or spouse works". On my W-4, I also added the $25,0000 we anticipate from the short-term rental in the "other income" box. We had to pay significantly on taxes two years ago, so I want to check with someone that we filled out the W-4 forms correctly or if we should be claiming something differently. Thank you!
