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Get your taxes done using TurboTax
@vk Upon re-reading your question, it appears that you are actually talking about the way your W-4 was set up for your employer for the amount that would be withheld from your paychecks. You were claiming an exemption for your spouse and getting the "benefit" of a somewhat larger amount of take-home pay than if you had not claimed that exemption. Your W-4 is only for your employer, and does not dictate how you have to file your tax return. Now your spouse is going to be working, too. When you file your joint return, your refund or tax due will be based on the total of your combined earnings. If you have had too little withheld, you could owe; if you have had more withheld than your tax liability then you will get a refund. Going forward, you and your spouse could take a look at your tax situation by using the tax caster tool. You can also use the W-4 calculator to determine if you should now stop claiming the exemption for your spouse on your own W-4, or if she should just have some extra tax withheld from her own paychecks to prevent you from owing at tax time. You can change your W-4 even in mid-year.
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**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎June 6, 2019
6:23 AM