In addition to using the W-4 calculator mentioned by another responder, you'll want to prepare each W-4 knowing that you have two jobs.
One option is to check the box in Step 2 on each employer's W-2 indicating you have two jobs. This will adjust the standard deduction and tax brackets by half to account for the second job. Since both jobs have similar pay, this option may work best for you.
Another option is to use the Multiple Jobs Worksheet to increase the federal withholding on the higher paying job.
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Sincerely,
Kimberly, CPA for over 30 years
@Chayan31
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