I am a 1099 contractor. My spouse is starting a new W-2 job. The federal W-4 she is filling out has a worksheet for two-earners which asks about "wages from the lowest paying job" and "wages from the highest paying job" to calculate additional withholding. My understanding is that as a 1099 contractor, I have no wages, only business income. How does that impact how we fill out this worksheet? My income is higher than her wages, so does my income count as "wages from the highest paying job"? Or does my income not count for this worksheet, since it is not wages?
You'll need to sign in or create an account to connect with an expert.
Yes ... the worksheet needs to take into consideration your income in her calculations.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
msulimo
New Member
kelster2
New Member
nicolemullin
New Member
lblomurphy
New Member
tessfam4
Level 2