Married taxes on w-4 form?

You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “Married taxes on w-4 form?”.

3 Responses to Married taxes on w-4 form?

  1. d_a_truckergal

    I’m married too and both of us work but we decided this time to claim independent and 1 person . that way were not stuck paying more for taxes and less comes out on the pay check.
    the hubby use to add me and just have more taken out at taxes . so at tax time.he got more back . verses claiming both and having least amount taken out then he was more likely to have to pay in
    hope this helps
    if you need more info talk to your accountant who does your taxes

    Report this comment

  2. A good general rule is for the individual with the higher income to claim M-1 or M-2, and the individual with the lower income to claim single 0 (or married but hold at the single rate, 0 exemptions).

    The withholding tables assume your income is all you have for the year, and your spouse’s is all they have for the year. But when you combine them you are generally taxed at a higher rate.

    Report this comment

  3. Use the IRS withholding calculator below to estimate the number of exemptions you should claim. Ideally you should try to have your withholdings equal to your tax liability so yyou don’t owe or receive a return.

    http://www.irs.gov/individuals/page/0,,id=14806,00.html

    Report this comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Spam Protection by WP-SpamFree