turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lynn775
Returning Member

W4 Help

I have changed from Single to head of household on 12/20/23. I have one child and held 2 jobs all 2024. I would like a refund. My higher paying job isn't taking federal taxes out, second job is. Main job is $20.80 hourly, biweekly pay. Second job is $15/ biweekly pay. What should my W4 say so I don't owe?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

W4 Help

Go to this IRS website for a W-4 tax withholding estimator - https://www.irs.gov/individuals/tax-withholding-estimator

rjs
Level 15
Level 15

W4 Help

You said "My higher paying job isn't taking federal taxes out." Are they treating you as an employee or as an independent contractor? Do you get a W-2 from that job or a 1099-NEC (or no tax form)? Are they taking out Social Security and Medicare taxes, or do you get the full $20.80 per hour with no deductions?


You asked about "my W4." That sounds like you only have one W-4. But if the first job is treating you as an employee, you have to give a W-4 to both employers. The two W-4s will probably be different. The IRS Tax Withholding Estimator at the link that DoninGA gave you will show you what to put on the W-4 for each employer.


If the first job is treating you as an independent contractor, then you are self-employed and the income is self-employment income. You probably would not be able to have enough tax withheld from the second job to cover the tax on the self-employment income, so you would have to make estimated tax payments during the year.


Since this year is almost over, you might not be able to have enough tax withheld for the rest of 2024 to avoid owing on your tax return. When you get your first paychecks from each job in 2025, go back to the IRS Tax Withholding Estimator and adjust your W-4s for 2025.

 

lynn775
Returning Member

W4 Help

Both jobs are full time and W4. At the end of 2023, I changed from single to HOH with my main job, now I just changed it back to single 0 dependents. My second job W4 has HOH with 1 dependent. I know I will owe this for this year. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies