topic No. A spouse is NEVER a dependent. You still should fil... in Retirement tax questions

I retired in December 2018, and we now have only one income. 1) Am I now a dependent for my wife on 2019 taxes? 2) How should she adjust her W4 withholding?

jimleahy — Thu, 06 Jun 2019 07:12:39 GMT

No. A spouse is NEVER a dependent. You still should fil...

xmasbaby0 — Thu, 06 Jun 2019 07:12:41 GMT

No. A spouse is NEVER a dependent. You still should file a joint return. You say you retired--are you receiving retirement income from a pension, or Social Security? If so , that income has to go on your joint return. Your wife can adjust her W-4 by using the W-4 calculator

https://www.irs.gov/individuals/irs-withholding-calculator

I retired in December at age 57. Now just living on her i...

jimleahy — Thu, 06 Jun 2019 07:12:43 GMT

I retired in December at age 57. Now just living on her income. I will need to draw on my 401k in the next couple months. I turn 58 in March. I believe her W4 claims zero for maximum withholding.

withdraw as little as possible from 401k. it will be pe...

fanfare — Thu, 06 Jun 2019 07:12:44 GMT

withdraw as little as possible from 401k. it will be penalized until you reach age 59 1/2.

Thanks. That's my plan. I also have a pension, a Roth IRA...

jimleahy — Thu, 06 Jun 2019 07:12:46 GMT

Thanks. That's my plan. I also have a pension, a Roth IRA and a few regular IRAs along with the 401k.

No. You are not your wife's dependent. You will still fi...

JulieR — Thu, 06 Jun 2019 07:12:48 GMT

No. You are not your wife's dependent. You will still file as a married couple. Your wife may want to adjust her W4 withholding, however, to account for the fact that your earnings have changed.