Single, no exemptions, no dependents; 2 jobs:
hypothetical:
job A: 80k
job B: 20k
refund not important: not owing is
standard deduction
can I just mark 2c and have the maximum taxes taken from both jobs? explain splitting the standard deduction?
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Thank you for the question. So going with your bias of now owing, checking Step 2 (c) would certainly accomplish what you want do accomplish of not owing and the refund not being important. Since using Step 2 (b) is more accurate, I would encourage you to the tables though.
Using your hypothetical, you would take that number, which according to the 2024 tables is $4,870 and then divide by the number of pay periods. The resulting number would then be entered into Step 4 (c).
Splitting the standard deduction is not a term I am familiar with. Splitting itemized deductions is, and it is associated with Married filing separately tax returns. The General rule which is that each spouse should report only their own income, deductions, and credits on their individual return. For expenses that both spouses pay for, such as mortgage interest and taxes, the deductions can be divided according to each spouse's separate ownership interests. Other expenses can be divided in any agreed-upon manner, as long as the total deduction claimed adds up to 100%. However, both spouses must use the same method of claiming deductions: either both must itemize, or both must take the standard deduction.
Thank you. And thank your team for doing this ! I am sooooo happy to get more understanding of this simple but complex form.
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