- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
W-4 questions
1) I will be starting a summer job next week. I have two kids under 17. I don't necessarily want the max pulled out as we need the income right now. We've used the IRS Tax Withholding Estimator tool and that seems to work well. Should I not have any taxes taken out of the summer job and just use the IRS tool after the summer to figure out what we need to adjust? If so, what would I put on the W-4?
2) With my regular job, I adjusted the W-4 to take off my two kids, but nothing changed income-wise. They said it was due to my income bracket. Is that true? If so, can you explain that to me?
3) My husband's job is going to a variable income plan, with the possibility of making more based off of production. It's not a bonus plan, where it would be taxed at a bonus rate; it's a salary plan. How should we do the W-4? Just use the IRS estimator tool every few months to adjust for it?