Hi 158493!
When person has more than one job, it's not unusual for them to owe taxes when they file. I'm sorry you owed tax when you filed this year.
In order to avoid owing tax next year, you'll want to update your W-4 at one or both jobs.
- Option 1 is to check the box on Form W-4, Step 2 for both jobs, which adjusts the standard deduction and tax brackets by half, resulting in more taxes being taken out. (This works best if both jobs have similar income or the lower paying job is at least half of the higher paying job.)
- Option 2 is to revise the W-4 for the higher paying job and complete the Multiple Jobs Worksheet, which will have more taxes taken out of the higher paying job. You'll enter the additional tax amount on Step 4(c).
If you make changes to your withholding using one of the two options above, you should see more taxes withheld from your paychecks, and hopefully, a refund come tax time next year.
Sincerely,
Kimberly, CPA for over 30 years
@158493
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