Good idea! Yes, you and/or your spouse can give your employer(s) updated W-4. You can make changes to your and/or hers to add additional withholding to avoid owing next year. You can either print out new W-4(s), fill it out per the instructions, and give it to your employer OR you can do it in TurboTax. How to fill out and print out a new W-4 in TurboTax? Assuming everything stays the same, adding the additional withholding as you described, will avoid underpayment penalties next year.
W-4 tax withholding calculator - Using the tax withholding calculator can help determine the correct amounts to input on the form.
Form W-4 and Your Take Home Pay
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
