New job

[Madness10]

I will be starting a new job on 6/5/2023 and will be making more money and would like to find out how to fill out my w4

[johnd84]

Congrats on your new job! The easiest way to find the right inputs for your W4 is to use our W4 calculator found here: https://turbotax.intuit.com/tax-tools/calculators/w4/  You'll input numbers from your prior job, any other jobs, etc and it will guide you on how to fill out the form. I would also recommend checking your pay stub after your first paycheck to see if the percentage withheld matches which tax bracket you are in. https://www.forbes.com/advisor/taxes/taxes-federal-income-tax-bracket/ 

[Madness10]

My wife is on SSA and has about 12% taken out for fed taxes and I have only 1 job. Last year, we owed 14,000 only because my wife's mom past away and was left with a large sum of money from accounts so I can't rely on last years return. In 2021, we owed about 1,000 and we used to get back about 2,000. I'm at married filling joint with 0 dependents. Would it be better to go with single on my w4?

[johnd84]

I would stick with married on the W4 Calculator. That will take into account deductions that would be different if you were single. Inheritance from last year thankfully won't affect this year's return. The W4 calculator doesn't take last years taxes into account. Only this years income and withholdings to date. W4 calculator 

[cajacks1]

Hi! To accurately fill out your W-4, you need to take several things into account such as your filing status, the number of dependents that you plan to claim on your tax return, and multiple sources of income.

Step 1: Fill out your name, social security number, and address. 

Check the box that applies to your filing status on your 1040 (Single, Married, Head of Household)

Step 2: This section should be filled out if you hold more than one job at a time and/or are married filing          jointly with a spouse who also works.  Fill out this section of the W4 of the highest paying job. Use the Multiple Jobs Worksheet located in page 2 of the form instructions to figure the amount that you will need to enter in Step 4. 

Step 3: Enter the number of qualifying dependents and/or other dependents and multiply according to the applicable amount. 

Step 4: Enter additional income that you expect from interest, dividends, retirements, and investments that you want tax withheld for from your payroll each pay period. 

Based on the multiple jobs worksheet (line 4), carry the amount of extra withholding per pay period (for multiple sources of income) that you want withheld to Step 4 (c).

Step 5: Sign and date the form.