W-4 Form

[Kathy12344]

I recently got a new job but I put in my two weeks for my current job. My new job sent me a W 4 form. Do I claim I am working 2 jobs and do I have to update my current job W-4? Or does it not matter since I’m leaving in 2 weeks? Or do I file it out that I have 1 job only? I really don’t want to owe money to the IRS. 

[SabrinaD2]

Here's an approach to help you decide how to fill out your W-4 forms:

• New Job's W-4: Since you're leaving your current job in two weeks, fill out the W-4 for your new job as if you have only one job. This will ensure accurate withholding based on your new employment
• Current Job's W-4: You don't need to update the W-4 for your current job since you're leaving soon. Your current employer will continue withholding based on your existing W-4 until you leave.

To help ensure your withholding is where it needs to be and reduce the likelihood of owing money to the IRS, you can use the the TurboTax W-4 Calculator to estimate your withholding.

See this TurboTax Article on changing jobs and tax forms