Hi bnuhopper,
Hope you are having a great Wednesday!
To complete Form W-4,
1. You provide personal information and your anticipated filing status in this step. This will be used to determine your standard deduction and the tax rates your employer should use to compute your paycheck withholding.
- Complete this step if you (1) hold more than one job at a time, or (2) are married, filing jointly and your spouse also works. The correct amount of withholding will depend on the income earned from all of these jobs between both you and your spouse.
- If you have children, this section will provide instructions for determining the amount of the child tax credit and the credit for other dependents that you may be able to claim when you file your tax return.
- Include any of the following items:
- Other estimated income from sources such as interest, dividends, or retirement
- Deductions you plan to take other than the standard deduction to reduce your withholding
- Any supplemental withholding you want for each paycheck
- Sign your name and date the form to complete your W-4
Here is a great tool to assist you, https://turbotax.intuit.com/tax-tools/calculators/w4/
Hope this information is helpful!
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