You made this so simple. Still a little confused about dividing out the pay periods depending on what month it is. I understand what your saying but not 100% convinced it makes sense, since you end up putting down a pay period amount. Im thinking that maybe it all goes back to the tax bracket. Seriously though I struggled to understand this on my own and you explaination about the tax brackets just helped everything click in. Really really appreciate your help!
I just came across your very helpful video. Will you be doing a video for Married Filing Jointly with dependents? My husband and I have four children. We still don't fully understand how to properly fill out our W4 forms. We have so many questions that I wish I could personally ask you myself. Thank you for the video, but PLEASE make one showing us how to fill out if we have dependents. Thanks again!
Hi Mary! Thanks for the feedback. I actually will be doing updated W4 videos. One of them will be how to fill out the 2023 W-4 with dependents. I'm still deciding whether or not it will be on TH-cam or members of my community.
Hi! I have a question so even tho only one person works (are married) would have to put married box and nothing else on the form or would it be head of household?
I have a question. There is only a difference of $9,880 from my husband's salary and mine. So do I just need to do married filing jointly and just check that box and be done with it or do I need to do all the other stuff u have explained? There really isn't much difference between his and mine but I want to make sure it is done right because we owe over $1,800 this year and that is just crazy. I don't want this to happen again. Please help!!!
For a couple married filing jointly do you think the multiple job worksheet is better? Or IRS calculator? We have about a $27k difference in our yearly income. Thanks!
If you'd like a more exact number I'd use the calculator. If you'd like a little wiggle room use the table. It's easier to figure in things like retirement contributions with the calculator. Best wishes! 🙏🏾
My husband and I only have a difference of less then $10,000 of our yearly salary. So do I have to fill out step 4 or can we just check the married filing jointly and the other box?
Great explanation, thank you so much! I am a first year tax payer in US and would love if you could explain about the tax brackets of 22% and why it is not counted if someone is single. Thanks.
Welcome to paying US taxes 😄. I'm not sure I understand your request. Single individuals do pay income tax of 22% on certain income. Their income is taxed at 22% at a lower amount than a married couple filing jointly.
I have a question for married, filed jointly, 0 dep. I've worked full year and spouse started working. Before, my W4, since only 1 job, was easy and amounts deducted for my status. Now, spouse working, I used the fed w4 calculator estimator as if spouse worked the whole year, resulting in an add'l amount to add to 4c. Thinking of making it easier to estimate for full year so spouse doesn't have to turn in another W4. Or, maybe I should use the calculator for however many pay periods left for the spouse and the spouse can revise their w4 for next tax year? Baing on spouse's full tax year, does that mean that whatever is being deducted for me, there's an additional amount from 4c that will deducted as well? So, for example, if I'm already being deducted 200 and with the spouse's income, there's 300 that needs to be added to 4c, then my total deduction per pay period will be 500? Or, I can split the 300, so my total will be 200 + 150 and my spouse W4 in 4c will be 150? I'm just confused.
Yes! This is correct. You don't even have to split it 50/50 just so long as the $300 is accounted for. Also - you can use the amount that your spouse will be paid in full for this year to determine the additional withholding and then fill out a new form in January. That way you don't have to withhold so much from Sept-Dec.
@@AmericasFavEA Sorry, another question for you. Using the calculator, for example, it says I will need to withhold $131, which is $30 more than current withhold. Standard withhold is $143. But it just says to edit a new W4 and claim 0 for 3 and 4c. However, my current W4 already is taking into account this withhold. Though the calculator doesn't say so, it seems I need to add extra withhold of 42 to bring my withhold to the standard 143? Also, with the spouse's W4, they will get their tax withheld on their W2, besides any amount noted in 4c? Right or wrong? Trying to calculate my withhold amounts with the spouse's to make sure they = anticipated tax obligation.
@@emp1slf the calculator gives a more exact amount. You'll have to go with the one you feel most comfortable with (calculator or page 4). If using calculator make sure you've done YTD withholding.
If I enter $4,000.00 in 4B does that mean they will take out $4000 less for the year? I had a refund of 4K and want it to break even. I don't want to redo anything else.
Hey! Your video was helpful! I work but my spouse is self employed. Is this considered to be both spouse working? My employer has a box in step 2 that ask if both spouse are working.
@YOUNYQ WORLD I'm glad you found it helpful! Yes, this is considered working. However your spouse needs to make sure they are filling out form 1040ES to figure out what their estimated payments are. This doesn't take into account the self employment tax your spouse needs to be paying.
Hi Joe, You can schedule a tax estimate and analysis call with me at www.Bowenstaxsolutions.com if you'd like help with filling out your W-4. There is a "book" now button when you first log onto the page and you'll see the different appointment options.
Great video, so if my wife has the higher paying job and she lists the entire extra withholding amount on her w4 for every pay period how would I fill out my w4 as the lower paying job? Would I just select the mfj box and sign it?
So if I am understanding correctly the higher paid spouse is expected to pay the federal income tax of the lower paid spouse? I honestly don't want my wife to have to withhold for my federal tax each week. Could I simply put the amount needed to be withheld on my w4? ( I'm the lowe paid spouse)
That's a great question! That is typically the default, however I encourage couples to do what works best for them. You absolutely can put the additional withholding amount on your W-4. I've seen some couples pro-rate it. For example if there is a 60/40 split the higher paid spouse withholds 60% of the additional amount and the lower paid withholds 40%. Hope that helps!
@@AmericasFavEA thanks for the reply. One more question for you. I make 40k/yr and my wife makes 65k/yr. If I do not fill out the extra withholdings section on my w4, will at some point my employer start taking out federal tax? Is there a dollar amount earned at which the federal tax kicks in?
@Agent if you and your wife both have MFJ as your filing option then it's not going to start kicking in until $25,100 and withhold at 12% for both of you.
@@AmericasFavEA So my wife makes 65k a year and has been working all year. I just went back to work after covid layoffs(3 weeks ago) Should it alrdy be taxing me?
What if 1 spouse is retired? Does the working spouse still check filing jointly or can they select Single? That is, what is the difference between single and Jointly withholding on paychecks. Thanks
One spouse retiring doesn't mean the filing status will change. The retirement income will still need to be accounted for. Single taxpayers have their pay check withholding done at a higher rate.
So this is confusing. I am starting a new job Monday and my spouse is retired so he has a set income. Do I count that as 2 jobs still & do the taxable wage as the total we are making together? Or is it different because he in on SSA?
Hi Sharon! You'll still want to account for a portion of your spouse's income. Part of the SSA may be taxable based on how much income you are bringing in. I will be making a video about provisional income very soon.
@@AmericasFavEA thank you your video was the easiest to understand and you talked at a perfect speed. I did also do they higher end as you suggested. Thx so much!
I'm updating my W4 with my employer, what does it mean for these 2 selections? Married 1 income or Married 2 income? We both work, so I think it's "2 income", but which one withholds more taxes? Does Married 1 income withhold a similar amount as "Single"?
When determining which section of page 4 I fall into, do I use an anticipated full year of income, or do I use a YTD income? Because for example, because of COVID, my spouse and I didn't work the first half of 2021, I started back working in June and my spouse in May, so when it comes to how much income we will earn in a year....do we start from the month we worked and anticipate how much we will make at the end of the year? Or do we calculate it as if we worked an entire year and use that amount?
@@AmericasFavEA ok thank you for the reply, one more question, I think I know what the answer will be but, we should probably file a new W4 for my spouse and I next year correct? When we each have a full year of work under our belts because our income will differ for the 2022-2023 tax year correct?
Hi Marcia! If you have a back tax debt that you can't pay you can book a call at www.bowenstaxsolutions.com. At this time we are only taking on tax representation clients .
I have a question iv been married for about 4 or five years but i have a new job but now have a new job and doing a w4 she has been filling taxes fot the fam under her because she used to be bread winner should i file n put 0
Congratulations on getting a new job! It sounds like you're referring to the old W-4. You will still want to figure out what additional withholding should be so you will have the proper amount withheld and place that in the line for additional withholding.
Thanks. My salary is $75k and wife’s is $60k. According to the table I’m the higher earner and table tells me $7270 / 52 = $140. What does my wife do on her W4?
@Marc Possof you'll want to make sure that you are dividing that by the amount of remaining tax periods for the year not 52. Unless you're preparing it for next year and you get paid once a week. You can take whatever number that is and split it with your wife or you can do all of the additional withholding.
@@AmericasFavEA thank you so much! One more concern is since the table has ranges in $10,000 increments how accurate is the table? For instance lower paying job is $60k which is the lowest end of the bracket. Thanks!
I’ve been married for 5 years and me and my wife have always worked and In that 5 years we’ve been married I’ve completed our taxes by filing them jointly. But we both fill out our W4’s as single or married filing separately. When I file our taxes at the end of the year we never owe the IRS any taxes they owe us. Is this the right way to do it? I mean the IRS has never complained or audited us. We also have 1 child two years old and only I claim him as a dependent. I’m just trying to keep us from owing the IRS any taxes at the end of the year when I file our taxes. Please advise. Thank you 🙏
👏🏾👏🏾👏🏾 great job Raul and congratulations to y'all for making it 5 years. The goal is not to owe, so I wouldn't say what you're doing is incorrect because your taxes are being timely. The only downside is that you're getting a bigger refund and less money from your paycheck than you have to.
@@DennnisMAY-wl7iy my office is not currently accepting new tax preparation clients unless you have back taxes owed or a balance you can't pay in full.
A new question! We are MFJ with my job being the higher one. Using the chart, it sys I should withhold an additional ~$150 on line 4c since mine is the higher paying one. If taxes are still withheld from my paycheck, in addition to this withholding and my spouse's withholding, isn't that too much federal withholding? If I put in the amount for 4c, shouldn't that be the only withholding for both jobs in our home?
Hi Jonathan! That actually will not be too much. Line 4c is what you need to ensure you have enough withheld. Remember when you combine your incomes you're going to end up with a higher tax bill. That's why you want additional money withheld. This is another good resource that may explain it better www.bowenstaxsolutions.com/post/how-to-fill-out-a-w-4-properly-and-avoid-owing-the-irs
Hi Melvin! Great questions. A spouse is not considered a dependent for tax filing purposes. Adding her there will cause your employer to not withhold as much. I advise against doing this. Filing jointly will give you a standard deduction for the 2021 tax season of $25,100 vs. $12,950. With the provided information I'd recommend you file jointly to maximize your tax savings. For your specific situation and other things you may have going on you should speak with your tax professional to ensure that is the best choice for you.
If the lower income spouse just selects MFJ and signs it at the bottom with no other areas filled out does that spouse still have some federal income taxes taken out from their paycheck? Or do they only have Medicare tax and Social security tax taken out?
@@AmericasFavEA thank you so much! So that means that filing married jointly and making less than the standard deduction means we will owe taxes at the end of the year because no federal income taxes are being withheld?
You can do that or one person puts both children on theirs. You want to make sure that it works for your family budget and checks. It should result in the same total number. But one spouse may not want their check to be the "small" one if they don't claim a child.
Well maybe when I started 15 years ago I did w 4, I think also something about health insurance we may owe more and if we go with the ACA I can't count my 401k as a oh deduction ,it will get added to gross pay I think????
Married people get way less overall weather per check or refund, 1 in same to me. But don't get the benefits of 2 single ppl, and people with kids get a tone. Every thing from government asst to tax ,I drive a 500 car and live poor making 25 per hr.
Great explanation! Thank you!
You're welcome Anthony! I'm so glad to see that you found it helpful.
You made this so simple. Still a little confused about dividing out the pay periods depending on what month it is. I understand what your saying but not 100% convinced it makes sense, since you end up putting down a pay period amount. Im thinking that maybe it all goes back to the tax bracket. Seriously though I struggled to understand this on my own and you explaination about the tax brackets just helped everything click in. Really really appreciate your help!
@S J I'm glad that I was able to help it click for you.
I just came across your very helpful video. Will you be doing a video for Married Filing Jointly with dependents? My husband and I have four children. We still don't fully understand how to properly fill out our W4 forms. We have so many questions that I wish I could personally ask you myself. Thank you for the video, but PLEASE make one showing us how to fill out if we have dependents. Thanks again!
Hi Mary! Thanks for the feedback. I actually will be doing updated W4 videos. One of them will be how to fill out the 2023 W-4 with dependents. I'm still deciding whether or not it will be on TH-cam or members of my community.
Hi! I wanted to bring to your attention that there is an updated video that includes having dependents.
Hi! I have a question so even tho only one person works (are married) would have to put married box and nothing else on the form or would it be head of household?
It would be Married Filing Jointly, that's actually a better tax benefit than HOH.
Really educational, just wish I could follow the pen/ highlighter.
Thanks for the feedback Marcia
I have a question. There is only a difference of $9,880 from my husband's salary and mine. So do I just need to do married filing jointly and just check that box and be done with it or do I need to do all the other stuff u have explained? There really isn't much difference between his and mine but I want to make sure it is done right because we owe over $1,800 this year and that is just crazy. I don't want this to happen again. Please help!!!
You can check the box OR use the chart and fill out 4c.
Do you have a dependent that turned 17 last year?
No we have no dependents. It's just me and him.
For a couple married filing jointly do you think the multiple job worksheet is better? Or IRS calculator? We have about a $27k difference in our yearly income. Thanks!
If you'd like a more exact number I'd use the calculator. If you'd like a little wiggle room use the table. It's easier to figure in things like retirement contributions with the calculator. Best wishes! 🙏🏾
@@AmericasFavEA thank you for your prompt response. Take care
My husband and I only have a difference of less then $10,000 of our yearly salary. So do I have to fill out step 4 or can we just check the married filing jointly and the other box?
You can do either or but not both.
4c may be safer though and get you closer to breaking even.
Great explanation, thank you so much! I am a first year tax payer in US and would love if you could explain about the tax brackets of 22% and why it is not counted if someone is single. Thanks.
Welcome to paying US taxes 😄. I'm not sure I understand your request. Single individuals do pay income tax of 22% on certain income. Their income is taxed at 22% at a lower amount than a married couple filing jointly.
Ya you got that right married taxed at a higher rate than single , so what benefits are you referring to in your video for married people
Am I still filling out section 3 as 0 if we have no dependents?
I have a question for married, filed jointly, 0 dep. I've worked full year and spouse started working. Before, my W4, since only 1 job, was easy and amounts deducted for my status. Now, spouse working, I used the fed w4 calculator estimator as if spouse worked the whole year, resulting in an add'l amount to add to 4c. Thinking of making it easier to estimate for full year so spouse doesn't have to turn in another W4. Or, maybe I should use the calculator for however many pay periods left for the spouse and the spouse can revise their w4 for next tax year? Baing on spouse's full tax year, does that mean that whatever is being deducted for me, there's an additional amount from 4c that will deducted as well? So, for example, if I'm already being deducted 200 and with the spouse's income, there's 300 that needs to be added to 4c, then my total deduction per pay period will be 500? Or, I can split the 300, so my total will be 200 + 150 and my spouse W4 in 4c will be 150? I'm just confused.
Yes! This is correct. You don't even have to split it 50/50 just so long as the $300 is accounted for. Also - you can use the amount that your spouse will be paid in full for this year to determine the additional withholding and then fill out a new form in January. That way you don't have to withhold so much from Sept-Dec.
@@AmericasFavEA Thank you so much! Your expertise is greatly appreciated!
@@emp1slf you are welcome. Glad I could help.
@@AmericasFavEA Sorry, another question for you. Using the calculator, for example, it says I will need to withhold $131, which is $30 more than current withhold. Standard withhold is $143. But it just says to edit a new W4 and claim 0 for 3 and 4c. However, my current W4 already is taking into account this withhold. Though the calculator doesn't say so, it seems I need to add extra withhold of 42 to bring my withhold to the standard 143? Also, with the spouse's W4, they will get their tax withheld on their W2, besides any amount noted in 4c? Right or wrong? Trying to calculate my withhold amounts with the spouse's to make sure they = anticipated tax obligation.
@@emp1slf the calculator gives a more exact amount. You'll have to go with the one you feel most comfortable with (calculator or page 4). If using calculator make sure you've done YTD withholding.
I need help with the forms please
Hi Jennifer! Did you need information on how to fill it out if you are not married filing jointly?
If I enter $4,000.00 in 4B does that mean they will take out $4000 less for the year? I had a refund of 4K and want it to break even. I don't want to redo anything else.
You've got it! The $4,000 on 4B means they withhold $4,000 less throughout the year.
Hey! Your video was helpful! I work but my spouse is self employed. Is this considered to be both spouse working? My employer has a box in step 2 that ask if both spouse are working.
@YOUNYQ WORLD I'm glad you found it helpful! Yes, this is considered working. However your spouse needs to make sure they are filling out form 1040ES to figure out what their estimated payments are.
This doesn't take into account the self employment tax your spouse needs to be paying.
@@AmericasFavEA Thanks so much, normally I just add extra withholdings to my paycheck to help it balance out.
I need help, is there anyway I can schedule an appointment?
Or contact you?
Hi Joe,
You can schedule a tax estimate and analysis call with me at www.Bowenstaxsolutions.com if you'd like help with filling out your W-4. There is a "book" now button when you first log onto the page and you'll see the different appointment options.
@@AmericasFavEA Thanks
Great video, so if my wife has the higher paying job and she lists the entire extra withholding amount on her w4 for every pay period how would I fill out my w4 as the lower paying job? Would I just select the mfj box and sign it?
I'm glad you found the video helpful Jerry! Yes sir, that is correct.
So if I am understanding correctly the higher paid spouse is expected to pay the federal income tax of the lower paid spouse? I honestly don't want my wife to have to withhold for my federal tax each week. Could I simply put the amount needed to be withheld on my w4? ( I'm the lowe paid spouse)
That's a great question! That is typically the default, however I encourage couples to do what works best for them. You absolutely can put the additional withholding amount on your W-4. I've seen some couples pro-rate it. For example if there is a 60/40 split the higher paid spouse withholds 60% of the additional amount and the lower paid withholds 40%. Hope that helps!
@@AmericasFavEA thanks for the reply. One more question for you. I make 40k/yr and my wife makes 65k/yr.
If I do not fill out the extra withholdings section on my w4, will at some point my employer start taking out federal tax? Is there a dollar amount earned at which the federal tax kicks in?
@Agent if you and your wife both have MFJ as your filing option then it's not going to start kicking in until $25,100 and withhold at 12% for both of you.
@@AmericasFavEA
So my wife makes 65k a year and has been working all year. I just went back to work after covid layoffs(3 weeks ago)
Should it alrdy be taxing me?
@@AgentSmith21 you'll want to pro-rate your salary for the remaining time of the year then use the table on page 4 :)
What if 1 spouse is retired? Does the working spouse still check filing jointly or can they select Single? That is, what is the difference between single and Jointly withholding on paychecks. Thanks
One spouse retiring doesn't mean the filing status will change. The retirement income will still need to be accounted for.
Single taxpayers have their pay check withholding done at a higher rate.
@@AmericasFavEA Thank you for your helpful prompt reply)) Much appreciated))
@@ScienceTalkwithJimMassa you are very welcome!
So this is confusing. I am starting a new job Monday and my spouse is retired so he has a set income. Do I count that as 2 jobs still & do the taxable wage as the total we are making together? Or is it different because he in on SSA?
Hi Sharon! You'll still want to account for a portion of your spouse's income. Part of the SSA may be taxable based on how much income you are bringing in. I will be making a video about provisional income very soon.
@@AmericasFavEA thank you your video was the easiest to understand and you talked at a perfect speed. I did also do they higher end as you suggested. Thx so much!
@@sharonjiminez6011 you're welcome and thank YOU for the feedback!
I'm updating my W4 with my employer, what does it mean for these 2 selections? Married 1 income or Married 2 income? We both work, so I think it's "2 income", but which one withholds more taxes? Does Married 1 income withhold a similar amount as "Single"?
Married with 1 income is going to withhold less because it isn't taking into account your spouse's income.
@@AmericasFavEA thank you much! Why do they make it so complicated to understand, lol
That's a question we'd all like to know. You're welcome!
When determining which section of page 4 I fall into, do I use an anticipated full year of income, or do I use a YTD income? Because for example, because of COVID, my spouse and I didn't work the first half of 2021, I started back working in June and my spouse in May, so when it comes to how much income we will earn in a year....do we start from the month we worked and anticipate how much we will make at the end of the year? Or do we calculate it as if we worked an entire year and use that amount?
@cheezytacos this is a great question! You will do your anticipated income based on when you started working for the year.
@@AmericasFavEA ok thank you for the reply, one more question, I think I know what the answer will be but, we should probably file a new W4 for my spouse and I next year correct? When we each have a full year of work under our belts because our income will differ for the 2022-2023 tax year correct?
@@cheezytacos correct :) or unless you'd like the bigger refund.
How can I call? You haven't given us a number .
Hi Marcia! If you have a back tax debt that you can't pay you can book a call at www.bowenstaxsolutions.com. At this time we are only taking on tax representation clients .
I have a question iv been married for about 4 or five years but i have a new job but now have a new job and doing a w4 she has been filling taxes fot the fam under her because she used to be bread winner should i file n put 0
Congratulations on getting a new job! It sounds like you're referring to the old W-4. You will still want to figure out what additional withholding should be so you will have the proper amount withheld and place that in the line for additional withholding.
Thanks. My salary is $75k and wife’s is $60k. According to the table I’m the higher earner and table tells me $7270 / 52 = $140. What does my wife do on her W4?
@Marc Possof you'll want to make sure that you are dividing that by the amount of remaining tax periods for the year not 52.
Unless you're preparing it for next year and you get paid once a week.
You can take whatever number that is and split it with your wife or you can do all of the additional withholding.
@@AmericasFavEA thank you so much! One more concern is since the table has ranges in $10,000 increments how accurate is the table? For instance lower paying job is $60k which is the lowest end of the bracket. Thanks!
You still run the risk of it being a little over or under. For a more precise figure you can use the withholding calculator on the IRS website.
Time 1 minutes do you work for company's or the people?
I’ve been married for 5 years and me and my wife have always worked and In that 5 years we’ve been married I’ve completed our taxes by filing them jointly. But we both fill out our W4’s as single or married filing separately. When I file our taxes at the end of the year we never owe the IRS any taxes they owe us. Is this the right way to do it? I mean the IRS has never complained or audited us. We also have 1 child two years old and only I claim him as a dependent. I’m just trying to keep us from owing the IRS any taxes at the end of the year when I file our taxes. Please advise. Thank you 🙏
👏🏾👏🏾👏🏾 great job Raul and congratulations to y'all for making it 5 years. The goal is not to owe, so I wouldn't say what you're doing is incorrect because your taxes are being timely. The only downside is that you're getting a bigger refund and less money from your paycheck than you have to.
Does the lower paid spouse also have to fill up the W-4 form as the highest paid spouse?
Great question Leslie! If they want to split the additional amount to be withheld, yes.
If completing the form using the table like you did in this video, do both spouses need to have an identical w4 form?
Hi Eric! Both spouses only need an identical form if they have similar salaries and have chosen to split the additional withholding in half.
I hired burke accounting last 2 years 1st year they wrong but complicated with rule changes during covid , next year they got an actual # wrong.
Sorry to hear that Dennis.
Will you please do my taxes I'll pay you well
@@AmericasFavEA will you do my taxes please ,I'll pay you well
@@DennnisMAY-wl7iy my office is not currently accepting new tax preparation clients unless you have back taxes owed or a balance you can't pay in full.
@@AmericasFavEA 🌹
A new question! We are MFJ with my job being the higher one. Using the chart, it sys I should withhold an additional ~$150 on line 4c since mine is the higher paying one. If taxes are still withheld from my paycheck, in addition to this withholding and my spouse's withholding, isn't that too much federal withholding? If I put in the amount for 4c, shouldn't that be the only withholding for both jobs in our home?
Hi Jonathan!
That actually will not be too much. Line 4c is what you need to ensure you have enough withheld. Remember when you combine your incomes you're going to end up with a higher tax bill. That's why you want additional money withheld. This is another good resource that may explain it better www.bowenstaxsolutions.com/post/how-to-fill-out-a-w-4-properly-and-avoid-owing-the-irs
My wife doesn't work so
1. Is it best option to fill jointly ?
2. Since my wife doesn't work, may I add her in Step 3 in Other dependents section ?
I am here with the same question as u.
I hope she gets back us soonest possible
Hi Melvin! Great questions. A spouse is not considered a dependent for tax filing purposes. Adding her there will cause your employer to not withhold as much. I advise against doing this. Filing jointly will give you a standard deduction for the 2021 tax season of $25,100 vs. $12,950. With the provided information I'd recommend you file jointly to maximize your tax savings. For your specific situation and other things you may have going on you should speak with your tax professional to ensure that is the best choice for you.
@@neenarsandhu4916 hi! I did respond to Melvin above. I hope the answer helps you as well.
If the lower income spouse just selects MFJ and signs it at the bottom with no other areas filled out does that spouse still have some federal income taxes taken out from their paycheck? Or do they only have Medicare tax and Social security tax taken out?
It depends on how much the lower earning spouse makes. If less than the MFJ standard deduction no Federal taxes but SS and Medicare.
@@AmericasFavEA thank you so much! So that means that filing married jointly and making less than the standard deduction means we will owe taxes at the end of the year because no federal income taxes are being withheld?
Oh we been working there way before the w_4 excistance
Fill the tax gap ?????? What's that mean
I did a podcast episode on filling the tax literacy gap that you can check out right here in TH-cam. It's under the podcast Playlist.
Married filing jointly with 2 kids same income should i put 2000 for 1 kid and my wife 2000 for the other kid
You can do that or one person puts both children on theirs. You want to make sure that it works for your family budget and checks. It should result in the same total number. But one spouse may not want their check to be the "small" one if they don't claim a child.
I was never ask to fill 1 out , they also just ask for marriage certificate and last year's tax return.
So HR is going to fill it out for you based on your return from last year? I've never heard of that before. Interesting.
Congratulations on getting married.
Been married 30 years
Well maybe when I started 15 years ago I did w 4, I think also something about health insurance we may owe more and if we go with the ACA I can't count my 401k as a oh deduction ,it will get added to gross pay I think????
Your very smart lady ,well mannered
I understand the form but I have a very different look on it than you do . Very different
Can ya help us????????
At our company the company filled it out, please do my taxes. I always owe
Oh no, it sounds like the W4 needs to be corrected ASAP.
Mmmmm what if I had nothing extra taken out .
I live in Louisville KY, make around 48000 wife makes 20000
Married people get way less overall weather per check or refund, 1 in same to me. But don't get the benefits of 2 single ppl, and people with kids get a tone. Every thing from government asst to tax ,I drive a 500 car and live poor making 25 per hr.
Married with no kids (to love) we get punished for being married