My salary is much more than hers. Each claim one exemption, both have 401(k) deductions. I enter W-2, I get large return add hers, we owe a large refund. Solution?

soonermccarthy · ‎June 5, 2019

SteamTrain · ‎June 5, 2019

None...............other than reducing each of your W-4 "allowances" to zero and giving the new W-4 to you employers..and see if that works for next year...then re-adjusting as needed at that time. That will have each of your employers withhold more.

More income means more taxes. Whatever W-2 is entered first...ALL of the deductions, exemptions are applied to whichever one is entered first...then when the second eon goes in, then all of the second income is being taxed instead of only part of it.....that's quite normal.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

SteamTrain · ‎June 5, 2019

None...............other than reducing each of your W-4 "allowances" to zero and giving the new W-4 to you employers..and see if that works for next year...then re-adjusting as needed at that time. That will have each of your employers withhold more.

More income means more taxes. Whatever W-2 is entered first...ALL of the deductions, exemptions are applied to whichever one is entered first...then when the second eon goes in, then all of the second income is being taxed instead of only part of it.....that's quite normal.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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My salary is much more than hers. Each claim one exemption, both have 401(k) deductions. I enter W-2, I get large return add hers, we owe a large refund. Solution?