I got married for the 2018 tax year and changed my status from single to married but my tax consultant advised me to change my filing status back to single and add an additional withdrawal amount for the 2019 tax year because my husband and I owed a substantial amount due to moving, business losses, etc. Is it advised to change my status back to single even though I will be filing as married filing jointly for the 2019 tax year?
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IF you are talking about your W-4 form at work...that sets your withholding. Yes, you can set it at single to have more withholding done. Many people do that
But to avoid misunderstandings by your employer...look at the W-4 form..it has a selection for "Married, but withhold at higher Single rate"....that is what you should use. (and line 6 is for an additional amount to withhold above that)
https://www.irs.gov/pub/irs-pdf/fw4.pdf
_________________
Naturally, for your actual tax file itself...you must use either MFJ or MFS when you file your actual end-of-year tax return...but your W-4 withholding form is only for setting the proper withholding on your paychecks.
IF you are talking about your W-4 form at work...that sets your withholding. Yes, you can set it at single to have more withholding done. Many people do that
But to avoid misunderstandings by your employer...look at the W-4 form..it has a selection for "Married, but withhold at higher Single rate"....that is what you should use. (and line 6 is for an additional amount to withhold above that)
https://www.irs.gov/pub/irs-pdf/fw4.pdf
_________________
Naturally, for your actual tax file itself...you must use either MFJ or MFS when you file your actual end-of-year tax return...but your W-4 withholding form is only for setting the proper withholding on your paychecks.
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