Hello,
Each year for the last 3 years, I've owed taxes. I have 2 jobs and file head of household with 1 dependent. How should my W4's be filled out so that I don't owe taxes? Also, is there an additional amount I should be withholding? If so, how do I determine how much?
Thanks for your help.
The IRS has a withholding estimator you can use:
TurboTax has a W4 Estimator: https://turbotax.intuit.com/tax-tools/calculators/w4/
Using the W4 Calculator will provide the best information once you enter your situation.
Also:
Within the W4 Step 2c: Checking this Box in each W4 will provide adequate withholding although you can use the Multiple Jobs Worksheet (b) on Page 3 if one job is less than half the pay of the other.
Step 3: Fill this out for only the top earning job.
Step 4: Fill out Other Income, Deductions, and Withholdings as needed. The TurboTax Tax Calculator will help you with these.
[Edited 5/29/2024|1:19pm PST]