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Level 2
May 24, 2023
Question

Married Filing Jointly

  • May 24, 2023
  • 2 replies
  • 0 views

Without knowing how my husband has completed his W-4, how can I adjust my W-4 so less money is taken out of my paycheck? We have 2 child dependents, one of which may have been born after our last W-4 update. Also, we have been getting a refund of about $4000 from the federal govt; I would like to decrease the refund and get more from my paycheck.

    2 replies

    Level 2
    May 24, 2023
    No text available
    ZeeEA20
    Level 2
    May 24, 2023

    Hello @funiluniuni 

     

    It would depend what credits/deductions are available to you when you file your tax return. To calculate your withholding for multiple jobs and/or working spouse the easiest way to do that is to use TurboTax's W-4 Withholding Calculator  . It will walk you through a series of questions about your income, tax deductions, and credits, and it provides instructions for completing Step 3 and 4 of the form.

    You and your husband can adjust your W-4 at any time during the year. Just remember, adjustments made later in the year will have less impact on your taxes for that year.

     

    Hope this helps!

     

     

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