Hi! To accurately fill out your W-4, you need to take several things into account such as your filing status, the number of dependents that you plan to claim on your tax return, and multiple sources of income.
Step 1: Fill out your name, social security number, and address.
Check the box that applies to your filing status on your 1040 (Single, Married, Head of Household)
Step 2: This section should be filled out if you hold more than one job at a time and/or are married filing jointly with a spouse who also works. Fill out this section of the W4 of the highest paying job. Use the Multiple Jobs Worksheet located in page 2 of the form instructions to figure the amount that you will need to enter in Step 4.
Step 3: Enter the number of qualifying dependents and/or other dependents and multiply according to the applicable amount.
Step 4: Enter additional income that you expect from interest, dividends, retirements, and investments that you want tax withheld for from your payroll each pay period.
Based on the multiple jobs worksheet (line 4), carry the amount of extra withholding per pay period (for multiple sources of income) that you want withheld to Step 4 (c).
Step 5: Sign and date the form.
