Hi Canderson145!
Yes and No is the answer to your question. While electing Single 0 might reduce the effect of owing as more would be withheld from your taxes, it still may not compensate for the differential. For example, combined income is in he 24% tax bracket, your withholding on your income would still be based on a lower tax bracket such as 12%. Therefore, you would still be short on your taxes at the end of the year. You may have to elect to have additional withholding on your W-4. Employee's Withholding Certificate. Follow Step 2: Multiple Jobs or Spouse Works to assist in resolving your issue related to the amount you should withhold.
