W-4 set up

Scenic11 · ‎May 24, 2023

I am a married with 1 child. My spouse and I both work. Currently my wife claims our child. I currently have a “0” for who i claim. I would like to know the best way to set up my w4. We file jointly. Of course i dont want to owe but also dont want a lot taken out. Any advice. Thanks

rschule1 · ‎May 24, 2023

Hi there:

The key to a proper W4 is completing section 2b. multiple jobs worksheet for you and your spouse.

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JBedford · ‎May 24, 2023

Hi, @Scenic11 ! If you both work, then my advice is for both of you to fill out Step 2 ("Multiple Jobs/Spouse Works") of the W-4, but for only one of you to fill out Step 3 ("Claim Dependent", which it sounds like your wife has done). Hope this helps, please let me know if this raises additional questions!

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Scenic11 · ‎May 24, 2023

Thank you

Critter-3 · ‎May 24, 2023

Use the Tax Withholding Estimator on the IRS web site to figure out what you and your spouse should each put on the W-4 forms that you give to your employers. It's much easier than using the worksheets on the form. It will let you adjust your withholding to get the approximate refund amount that you want.

Tax Withholding Estimator