topic Re: W-4 set up in Get your taxes done using TurboTax

W-4 set up

Scenic11 — Wed, 24 May 2023 19:38:32 GMT

I am a married with 1 child. My spouse and I both work. Currently my wife claims our child. I currently have a “0” for who i claim. I would like to know the best way to set up my w4. We file jointly. Of course i dont want to owe but also dont want a lot taken out. Any advice. Thanks

Re: W-4 set up

rschule1 — Wed, 24 May 2023 19:41:23 GMT

Hi there:

The key to a proper W4 is completing section 2b. multiple jobs worksheet for you and your spouse.

Re: W-4 set up

JBedford — Wed, 24 May 2023 19:41:40 GMT

Hi, @Scenic11 ! If you both work, then my advice is for both of you to fill out Step 2 ("Multiple Jobs/Spouse Works") of the W-4, but for only one of you to fill out Step 3 ("Claim Dependent", which it sounds like your wife has done). Hope this helps, please let me know if this raises additional questions!

Re: W-4 set up

Scenic11 — Wed, 24 May 2023 20:16:44 GMT

Thank you

Re: W-4 set up

Critter-3 — Wed, 24 May 2023 20:21:38 GMT

Use the Tax Withholding Estimator on the IRS web site to figure out what you and your spouse should each put on the W-4 forms that you give to your employers. It's much easier than using the worksheets on the form. It will let you adjust your withholding to get the approximate refund amount that you want.

Tax Withholding Estimator