@TurboTaxDanielV Great, thank you for your help on this!

@TurboTaxDanielV , wow! Thank you for such a detailed answer. I believe the second option is what I prefer. So to verify, on my W4 I choose Married with 0 allow...

@TurboTaxDanielV

I would like small refund. Myself: 110,000 base pay and roughly 20k-30k in bonus/commissions. Spouse: 35k for free lance work