Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
sowderms
New Member

I am claiming 3 deductions. I have 3 jobs, 1 full time, 2 part time. One of the part time jobs lasts 3 months. Do I take 1 deduction on each W4?

Is it better to claim 3 deductions on my full-time job, and 0 deductions on my part time jobs, or claim 1 deduction on each W4 and go back and adjust my W4 forms after my 3 month job concludes?

1 Reply
Vanessa
Level 3

I am claiming 3 deductions. I have 3 jobs, 1 full time, 2 part time. One of the part time jobs lasts 3 months. Do I take 1 deduction on each W4?

It depends on what your goal is, but since you have 3 jobs, you may not want to claim any deductions as your withholding rate is likely less for one job than it is when you combine all three jobs.  This will leave you owing money at the end of the year. Even with your one fulltime job, you need to make sure that the amount you have withheld takes into consideration the other 2 part-time jobs. 

You can use the TurboTax Calculator built into the program that already has all of your information to help you figure out how best to fill out your W4.  

To access this calculator, click on 

  • Federal
  • Other Tax Situations
  • Go to Other Tax Forms
  • Start next to Form W-4 and estimated taxes

You can also use the TurboTax W-4 Calculator at the following link. https://turbotax.intuit.com/tax-tools/calculators/w4/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v