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Get your taxes done using TurboTax
@Allysonspielman wrote:
We recently got married. We were both Head of Household. Do we change the W4 to married for both of us or just the highest earner? He makes $100k and I make $70k. I don’t want us to have a huge tax bill next year, but I also don’t want our take -home pay to decrease radically.
Use the IRS web site, or get the W-4 and use all the instructions and worksheets. You will both need to file new W-4s, but you do the calculation once and apply that answer to both new forms.
Because you will file married for the entire year, but were withheld as HOH for the beginning of the year, you were likely under-withheld for the first part of the year, since the taxes for two parents each filing HOH will be slightly lower than a couple filing MFJ. Also, you may have gotten the enhanced child tax credit or enhanced dependent care credit in 2021 that is going back to normal for 2022. If you use the IRS web site to determine your withholding for the rest of 2022, you will want to run it again at the beginning of 2023 to reset your withholding.