I’ve searched extensively for threads on W-4 forms but can’t find a clear answer. Our situation is as follows: my income is $160k, and my wife’s income is $65k. On our W-4s, we currently have MFJ checked in Step 1 and skipped the other steps.
I’ve noticed that my wife, with her $65k salary, is definitely under-withholding each year. I’m unsure about my situation with the $160k income, but my withholding seems significantly higher. We both own taxes each April.
For our W-4s, should we choose 2B (calculate per table and apply to the highest-paid spouse’s W4 only) or 2C (check on each spouse’s W-4)?
The instructions for 2C contradict the guidelines on another page regarding situations where one spouse’s income is more than 2x the other’s.
I’ve noticed that my wife, with her $65k salary, is definitely under-withholding each year. I’m unsure about my situation with the $160k income, but my withholding seems significantly higher. We both own taxes each April.
For our W-4s, should we choose 2B (calculate per table and apply to the highest-paid spouse’s W4 only) or 2C (check on each spouse’s W-4)?
The instructions for 2C contradict the guidelines on another page regarding situations where one spouse’s income is more than 2x the other’s.
Statistics: Posted by mander75 — Fri Oct 25, 2024 5:58 pm — Replies 8 — Views 440