I'm hoping to get a little extra income for the holidays so I'm wondering if i'll be okay if I claim exempt just for the last month of the year (2 paychecks). I got married in May this year and continued to claim Single on my W-4 until about October, I also have a daughter and but didn't add any dependants. So my thinking is that I was probably overtaxed and should be receiving that money back, so if I claim exempt for the month I'll be okay.
Do not claim exempt. Just change your W-4 to (say) 10 exemptions.
Remember to change it back in January.
Here's some general info on getting married.
Did you both use Turbo Tax last year?
You can not transfer from or combine 2 returns or accounts. Just pick the return for the spouse that has the most complicated return to enter or has any depreciation or business or more investments. Or use the account for whoever you want to be listed first going forward (by the way you can not change the order of the names). Then add the other spouse's name, ssn and info to it.
You should usually file a Joint return which is only 1 return combined for the both of you. Make sure to stick with this one account for the future. Just ignore the other spouse's account.
And info on Getting Married…..
<a rel="nofollow" target="_blank" href="http://turbotax.intuit.com/tax-tools/tax-tips/Family/Getting-Married/INF12006.html">http://turbotax.intuit.com/tax-tools/tax-tips/Family/Getting-Married/INF12006.html</a>
Is it better to file Joint or Separately?
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1894449-is-it-better-for-a-married-couple-to-file-jointly-or-separately">https://ttlc.intuit.com/questions/1894449-is-it-better-for-a-married-couple-to-file-jointly-or-separately</a>