topic Re: W-4 multiple incomes in Get your taxes done using TurboTax

W-4 multiple incomes

jesse-n-amy1 — Wed, 24 May 2023 19:22:55 GMT

My husband and I both got raises last year and I also have a pension from a previous job. I'm having trouble figuring how to fill out the W-4's for each.

Re: W-4 multiple incomes

srubino — Wed, 24 May 2023 19:25:54 GMT

Hello, please see below link for assisting to your withholding. Hope this helps

https://turbotax.intuit.com/tax-tools/calculators/w4/

Re: W-4 multiple incomes

HirschCPA — Wed, 24 May 2023 19:31:26 GMT

Firstly, congratulations on the raises!

It is important to inform all payroll systems that you have multiple income sources and how much is being earned outside of each respective payroll. When completing the W4, there is a section called "Step 2: Multiple Jobs or Spouse Works". This is where you will tell your respective payrolls of the addition earned income. This will have the payroll systems look at your aggregate income and calculate your expected tax brackets in order to more accurately withhold. I would also recommend you complete Form W-4P so your payer can withhold the correct amount of federal income tax from your pension as well.