marctu
Employee Tax Expert

Get your taxes done using TurboTax

Thank you for the question.  Your financial advisor probably has significantly more information about your joint financial picture then this question presents. 


When your W-4 Part 1 filing status is checked as Single, income taxes are withheld at a higher rate then if the filing status is Married filing jointly.  Your financial advisor is most likely attempting to account for income other then on the W-2.  

 

Assuming this is what your financial advisor is recommending, I would also recommend that you account for most of the additional income by using these two resources:

 

TurboTax's W-4 Calculator

TurboTax's Tax Caster tax calculator

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