Work from home

I am married and only I have a job. How can i take home more money on my paycheck? FL resident

posted

Hi SarahJ12, thanks for the question.

Below is the re-designed Form W-4 from tax year 2020 and onwards.

Form W-4 Employee’s Withholding Certificate

https://www.irs.gov/pub/irs-pdf/fw4.pdf

You should complete Step 1, check "Married filing jointly" box;

Fill out Step 3 and Step 4 if applicable and sign/date Step 5.

To have less taxes withheld -

Increase the number on line 4(b)
Reduce the number on line 4(a) or 4(c)
Increase the number of dependents.

Caution: if you have too little tax withheld, you will generally owe tax when you file your tax return and may owe a penalty unless you make timely payments of estimated tax. If too much tax is withheld, you will generally be due a refund when you file your tax return.

Hope the above helps.

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