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W-4 update

Hello,

I work a full time hourly job (about $25 an hour) and my wife is starting a new job that is salary (about $16000) but with uncapped commission (job is advertised as about 50-60k a year.....upwards to 100k a year) .  I would like to set up the w-4 on both our jobs so that we will not owe taxes at the end of the year, but, that we are not paying alot extra either.

 

We have 2 dependents under age 14 and another that is 18 this year. Right now we have them both set to filed jointly with deduction of $4900.

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1 Reply
rjs
Level 15
Level 15

W-4 update

Use the Tax Withholding Estimator on the IRS web site to figure out what you and your wife should each put on your W-4 forms. It will show you how to adjust your withholding to get the approximate refund amount that you want.

 

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