How to fill out IRS form W4 Married Filing Jointly 2023

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[@TravisSickle]

For more help, become a channel member kzbin.info/door/LoIaI_vPPWX47TamcxtP_Ajoin

[@PRBudda22]

Hi Travis. I've been watching your videos and they are very informative. Thank you. Do you do any work in NY? I have always been pretty good at finances but in the past couple of years, I feel like we have been doing everything wrong. Returns are so low, I wonder if I'm doing anything wrong. Any wisdom to share? Happy to speak privately if possible.

[@corymclean7727]

doing my taxes makes me feel like my country wants me to fail

[@CJacuzzi]

Why do Americans have to do this? It's absolutely insane. No where else in the world are there people adding up numbers, dividing them, deducting this, adding that, just to figure out how much tax to pay. The government just takes what you owe

[@mannyordunez3949]

@@CJacuzzi Millionaires pay no taxes and we have to fill this confusing form

[@StephanieSlaughenhoup]

This is one of the dumbest and most confusing forms I've seen form the IRS in a long time! After watching two of your videos and one IRS, I am no closer to figuring out how to fill these out. How as a new employee can you use the online estimator? You yourself said you had to use info from your paycheck....I'm so confused!!!!

[@TravisSickle]

check the button that says new job.

[@twj7775]

Yes, I am confused. It’s even asking me how was I taxed on my paystubs… I didn’t get any yet… I don’t know…

[@claudiapastorahdez6177]

I have to agree.

[@puglove6089]

I am also confused. My husband is just retiring, and I am on Social Security disability., we file married filing jointly. Do I have to put in my income from disability? Thank u for any help u can provide 😊

[@memo1975]

You started by explaining what happens if you just fill out the top part of the form and submit it. Then you went on to compare and contrast all other outcomes to that outcome. So many people neglect to provide that kind of perspective in instructional videos, well done you!

[@patmacken5130]

So I look at this figuring it is the same concept for the upcoming 2-024. I can't even remember what I did when I took this job 3 1/2 years ago (it was the first time ever doing one married filing jointly, she worked two jobs at the time and it was the first one at all that I filed out in over 20 years) and then tried to help my wife do one this fall when she got a job. The who thing is confusing to me as my wife has pretty consistent hours but it can be lower rather than higher than expected. She also has summers off. My job though has a consistent floor (we are both essentially hourly) where over time can vary greatly and there are monthly bonuses. I finally said eff it and just told her to sign at the top hoping we at least wouldn't owe anything. It would be nice to see a suggestion on hourly people closer to the median income where unpredictable (but very existent) over time can be a thing

[@GAMMA_AF]

My wife and I both make roughly $140k a year. When both making about the same, will we benefit from filing jointly and going through the extra hassle? No kids, but we make mortgage payments on our home.

[@SlickDiecast]

The estimator sucks now. There used to be a slider bar to adjust your withholdings so you know what numbers to put in to see if you owe or will get a refund. How do I adjust my withholdings so it will give me that result?

[@nakia4230]

Came to your video because I’m an accounting major and I’m in a federal taxation class. We have the tax book for 2023. I’m already struggling in the class. Thanks for your video 😊

[@TravisSickle]

Glad it was helpful!

[@benjaminallen2370]

Thanks this is the best info I've found on this oddly confusing topic!

[@craftyorganizedmom1824]

Hi Travis. Came across this video in a google search and just wanted to say thank you. This helped me understand how and why to use the calculator. We've been under withholding for several years and don't want to make the same mistake again. This will help!

[@TravisSickle]

Glad it helped!

[@edkempf5754]

Thanks, Travis. Helped Demystify the new W4. Hadnt adjusted my withholding in years, it was time

[@melc156]

If you were commission-based or had a base salary and the likelihood of getting additional pay thru overtime pay, bonuses, and/or commissions, which salary should I imput in the IRS calculator?

[@sarahcarterrealtor2548]

Hi Travis! I am trying to fill out my W4 for my very small part time job making under $12,000/year. My husband obviously makes all of the money I'm just working a little now that our kids are in school. We have 4 kids. I am stumped on how to fill this thing out with such a small amount.

[@TravisSickle]

August 9, 2023

[@zwroberts1]

Hey Travis! I think it's awesome to see you're still active in the comments on a 6 month old video. Had a question for the W4 that's going to affect me in 2 years and I want to get out ahead of it. As of now I'm married filing jointly and just basically doing the sign the top method. My wife has been in school and her only income has been summer jobs or my odd side gig. Really unpredictable income wise to use the estimator. In 2 years she'll finally get a job (making 3 times as much as me) and so I'm reexamining how to do the W4. Her job will allow her to work extra days for a pretty substantial amount of pay (about half of my monthly take home per day) as well as earn production profits. With both of those things in consideration, I don't want to use the estimator or the multiple job worksheet and fill out our W4s wrong. Would a solution be to just sign them and turn them in since her salary could vary wildly, or on both of ours would it be better to check option C on Step 2 of the W4? If I was to get a second job, would I still be able to check option C, or would I be in a world where I have to then just sign and turn in... Bad experience with the IRS at 21 as a first time 1099er has me terrified of owing thousands of dollars at the end of the year when I don't have it. Thank you!

[@TravisSickle]

August 3, 2023

[@baileyhutchinson3385]

Do both spouses fill out the multiple jobs worksheet or just one ?

[@TravisSickle]

July 17, 2023

[@lindakir_bukasa]

Hi Travis thank you so much for all your helpful videos. I’m confused as to how to fill out the 2023 W4 as married filled jointly. My husband and I both work full-time, we have two children under 2, twins. Your help is appreciated. Blessings

[@TravisSickle]

August 1, 2023

[@TravisSickle]

August 1, 2023

[@naturalcandigirl]

This was super helpful and exactly what I needed! Thanks so much!

[@matthewulatowski9128]

Travis, great videos! My wife, son and I are relocating to a state with no income tax and our income is increase substancially with new employers. There are no options on the paper copy for our level of income since it will be too high. We both will need to complete a new W4 but are having trouble determining how much to have withheld. Any advice?

[@TravisSickle]

July 17, 2023

[@nedaa5144]

Which state is that???

[@billlyon7696]

Thanks for the clear straightforward information

[@travelasia2023]

YIKES...I had to add an additional $900 withholding!!! I shall see how this works out on next year taxes. Thanks @Travis Sickle

[@TravisSickle]

better to catch that now.

[@matthewjohnson2583]

Any update? did you owe anything this year?

[@tonidoyle9225]

My husbands checks vary because of overtime. How do you file that? His job makes the most money. We had an accountant tell us to just have him file single on his w4.

[@TravisSickle]

kzbin.info1UFus3tsyzI?feature=share

[@parksbpknit]

I recently made some changes this year due to the amount of taxes we owed and everything I read says that even if you are married and filing jointly if you both have jobs you should be checking married filing separately on this form. What are your thoughts on this? Great video!

[@liberty2four2]

where did u get the '26' pay period? I get only one pay period / month and my wife gets two pay period/month, do I need to combine it?

[@jpen1964]

Heres what i keep getting hung up on. Say my wife make the 125k and i make the 45k. Should both of our w4 forms look identical as in both jobs should be accounted for for each person? And if thats are we trying to configure this things where all of the taxes get taken from one paycheck?

[@ab141581]

This is the same Q I have that no one seems to answer online. Would love to know what my spouse the lower earner needs to put on her W4. Neither of us have changed our W4s, and she hasn’t since before we were married. Same Q as far as the CA EDD W4. Are we supposed to both fill out the forms exactly the same. Does the lower earner just fill out/sign w/o any figures?

[@annier7009]

Can you expand on married filing jointly with children?

[@TravisSickle]

July 17, 2023

[@VladLarsen129]

Hello! Could you tell me how to fill out the form if one husband has 2 jobs, and the other has 1 job?

[@jonmoore8916]

I'm married filing jointly with two jobs. If I just sign and turn in the document, is that a good way to make sure I don't owe money when I file my taxes? Thanks for the video. This new w4 is super confusing compared to the ones I've been filling out for the past 15+ years.

[@ixWebb]

Make sure you add extra deductionsper check, otherwise u gojng to pay next year.

[@TravisSickle]

July 17, 2023

[@BronzeAgeBryon]

I'm going to be teaching 1 class at the local college this fall. I of course have to fill out a new W-4. The pay for the whole semester is only 2K. Why would I use the regular full time public school teaching salaries of my wife and I to calculate the deductions for this job? Seems crazy. Any advice is appreciated. Thanks.

[@TravisSickle]

that's just the way it is.

[@quadgod1072]

Hi Travis. My wife & I regrettably owe nearly $7,000 in taxes for 2022. I'm trying to use the online calculator to adjust our withholding for 2023 but on the W4, it's showing adjustments on both of our W-4 forms in step 3 rather than additional withholding in Step 4C. Not sure I understand why. Any feedback would be appreciated. Thanks !

[@TravisSickle]

July 16, 2023

[@XloMotion]

Google recommended this video to me because I changed my W4 to reflect that I no longer have a dependant. Well I saw my check and I'm being taxed at 40%. Needless to say that I can't survive on that. I looked at the form again and I missed section 4 where I can add my mortgage interest and house taxes. I added those up to see how it changes

[@TravisSickle]

thanks for sharing!

[@baddecision45]

I recently got taxed more this year which is 2023 my checks aren't the same so I'm trying to figure out what's the proper way to fill out a W-4 form 2023 married jointly with two dependents with one job and my wife have one job

[@annier7009]

Here for this question as well!

[@ixWebb]

Waiting for the answer on this as well :( @bad decision let me know how you do it haha.

[@TravisSickle]

July 17, 2023

[@itzjoee19]

And there’s more kids! Now do that State version, it’ll prob blow our minds even more!

[@golden-ish652]

It’s telling me (higher paying job) to take additional $168 out per paycheck, and my husband, $0. Can I split that between the two of us? Can I put $84 on my extra withholding (4c), and $84 on his?

[@jessicajohnson9522]

Hi Travis. How does this work if you will be starting a new job in 2024 with a different income than your last check? Also if my husband previously did the fill out the top and sign method is he able to update his tax withholding and do the bottom?

[@budgetwithstar2600]

Can you do an example of a married couple filing jointly with 4 jobs and no kids

[@MzSquishyX3]

Yes please, I second this!

[@TravisSickle]

good question, I am starting a discord chat here discord.gg/enuJThjHJ9

[@karlavalera5972]

Yes Please!!!

[@TravisSickle]

@@karlavalera5972 it’s the same as this one. Just add two more jobs.

[@docGthePT]

great info overall- any chance it can be dumbed down further. Like showing where you are pulling numbers from on the paycheck and putting them into the online calculator. Im not sure where it says "Enter wages or salary per pay period", does that mean gross earnings or after taxes and benefits come out? Same with wages/salary YTD? I'm also confused as to why it's asking for most recent paycheck and why you wouldn't put in the date of your last paycheck of the year (in your example you used feb 2023, why wouldn't it be like Dec 31 or 29, 2022 or whenever your last paycheck of 2022 was)?

[@TravisSickle]

Become a channel member and I'll break it all down further. I have a ton more videos on the topic. I think 100 for the w4 alone.

[@davidriverajr.5136]

I pay Taxs every year. I never get anything back. I’m starting a new job and want to fill out this W-4 correctly where I will get money back at the end of the year. What should I do ? I get confused and overwhelmed very easily.

[@TravisSickle]

Online estimator, my team can help...link in description.

[@Jessica_PMHNP]

I’m trying to file so that it takes the least amount of taxes out of each paycheck. Any suggestions? I am married jointly status and I claimed myself as a dependent. Any help is appreciated!😊

[@TravisSickle]

July 14, 2023

[@tiffanypuckett9809]

Nobody every talks about what you do if you expect bonuses but don’t know what they will be

[@TravisSickle]

the withholdings adjust per paycheck. You can always go back to the estimator and check if you're on track.

[@georgehodder8451]

We typically get a reasonalble refund, but we ended up owing taxes for 2023. So last week.. I did the online estimater.. it showed we would owe again. So I updated per it's guidline and filled out the lower income job, just checking the box for married filing jointly and signing. For the higher income's W4.. it suggested an amount in 4a (other income not from jobs I believe it was the diff between 25,900 and lower job salary) and additional withholding. I followed both. Today was the first paycheck with that change, and I didn't like the outcome.(significantly lower check of course) So re-checked the online estimater again and this time showed a HUGE refund projected, and the only change was a slightly lower number in additional withholding. So.. will this level out as the year progresses? Or should I adjust it again? I'd like to be close to even.. certainly don't like owing. But we have to meet our monthly budget too!

[@TravisSickle]

I can certainly take a look, become a channel memeber and get free access to our discord channel for more help. kzbin.info/door/LoIaI_vPPWX47TamcxtP_Ajoin

[@PRBudda22]

Hi. "brain picker" here. Been watching so many of your videos and I can't see where we're going "wrong". Never had to pay. Nothing has changed. Moved three years ago (same state). One child gets over every year (now at 16). Not sure where it's coming from. Thoughts?

[@PaulMaestas-g6r]

What if your by weekly paychecks are different amounts and never the same? I see how you can do tje math if every paycheck was the same amount, but my checks are always a different amount.

[@4serrot]

Hi Travis, after using the online estimator as married filing jointly, do both spouses have to submit their w4 to their respective HR departments even though the w4 for the higher paying job shows an amount on line 4c and the w4 for the lower paying job is blank on line 4c?

[@erinreyes8787]

Hi Travis, i think im confusing myself on the last bit of the video regarding the online estimator. Where you’re referring to the additional withholding. Can you break that down another way if possible?

[@TravisSickle]

I have two videos for the additional withholdings explained in the members section... kzbin.info/www/bejne/noTSdWmMrq6psLs

[@jmakc3541]

Thanks for the info, very helpful. Also, I miss the old way... 🤬

[@TravisSickle]

😎

[@BrandiDWilliams]

Did I miss the exemption part? Was that the zero at the first section of this form?

[@TravisSickle]

Exemptions are no longer.

[@tomle2553]

So I just got a new job I will make 28% more and it started in July. Last year we got about a $2K refund which we don't mind since it helps us save for our yearly trips. Should I wait for my first paycheck for my new position and then uodate my W-4 to how you showed? We're also expecting baby #2 before the end of the year.. I'm assuming I should also add that as well?

[@PhyllisWright-oh1qf]

Do you include your SS income when completing a W4?

[@catrinalopez2190]

Hi Travis, married filing jointly, each of us have a job, and no dependents. I know how to read the worksheet for income. my question is do we EACH check the box for multiple jobs or just one of us?

[@TravisSickle]

great question...answered in our members section kzbin.info/www/bejne/boK2gH19ebuKfNE

[@creeksidevolleyball820]

great video. just curious, on the IRS online estimator, when it asks for our latest wages, are we inputting gross or net?

[@Agamerfr0zed]

Always gross pay

[@averageadam5001]

I'm filling out a W-4 for my wife's new job. I get paid once a month. here new job will be bi-weekly. Do i still you my pay period for the w-4 for her new job. if it's per paycheck it seems like it's going to be taking at alot. it calculated at $500.

[@ninamlvd]

Hello! My husband is the only one working, I have no job and no social security number. What should he choose in his W4 Form? Single or Married filing JOINTLY? Hoping for your reply. Thank you.

[@TravisSickle]

July 17, 2023

[@roxanamarroquin640]

Hi Travis I just started this job about 5 months ago and I Noticed no federal taxes are being withholded what am I doing wrong Please help

[@TravisSickle]

It's because you mentioned in your last post you just put in 6k without going through the online estimator. If I could change the way to form was written I would. Everyone messes that section up. Do exactly as in the video. Don't add anything else aside from your name and basic info.

[@BladeTherapy]

I would like to know how we should be filling out for Florida. We are married no kids but i do clam my parents who are on ssi and social security. Last year was the first year i ever owed. My wife makes 38k i make 28k. How should be be filling and what should we have in the w4 boxes to not pay?

[@TravisSickle]

join memberships and ask questions. kzbin.info/door/LoIaI_vPPWX47TamcxtP_Ajoin

[@alexxdaye1]

HEY Travis! I have multiple jobs, both W-4’s and 1099’s, so I have to do estimated taxes on the 1099 jobs and fill out two types of W-4’s because of different pay cycles. At this point I feel I need to hire a CPA with this because of the new calculations. I had NO idea about this change and now have a monumental tax bill for 2022. Do I have to fill out two different W-4’s for the taxed jobs? It would appear the answer is yes, but I’d like to see if there’s another way. If not, I’d just like some clarity. Thanks!

[@TravisSickle]

use the online estimator and enter in all the info. At the end it will give you multiple IRS form w4 forms.

[@asdfghjk25383]

So my question may be totally dumb but I am just not understanding the logic of the additional withholding. I did the online estimator and used all the info from our les, I understand that the higher earner has the additional withholdings per pay period. Is this to cover the federal taxes that is owed by the spouse who makes less? If the spouse that makes less fills out the form and only does the top section and chooses married filing jointly are federal taxes still taken out of their check? So, in essence the higher earning spouse is having his federal with held and an additional amount taken out for the spouse's job. Are the taxes withheld from the spouse with the lower income reduced because the higher earner spouse is withholding an additional amount? What is the purpose of the additional amount if both checks are still having withholdings?

[@otrotland5377]

I get 3 incomes from different sources. On their own filling out the w4 online estimator shows me getting a refund, but when all the income is combined I end up paying 3,500$ plus penalties. Is there a way to just send the irs a monthly check without filling out a bunch of forms. Just like the light bill and other bills.

[@otrotland5377]

I made an account on the irs website. Figured out what I owe and am making monthly payments.

[@TravisSickle]

thanks for sharing.

[@divyasree315]

Hey Travis, can you please share the excel document "Tax Document" that you used in the video to tweak the values and check

[@TravisSickle]

On the discord channel

[@joemulbah5540]

I saw that you highlighted Part II session C. So in the case where you and your wife both work one job. Both spouse will check session C box on their W-4 correct?

[@TravisSickle]

IRS form w4 Step 2 multiple jobs

[@jasondhinkle]

What do I do for money made if I’m starting a new job? Do I use old jobs paystub?

[@schizt121]

Just curious on your first calculation, which you used the ADP calculator. The date entered is 2/2/23, and you selected bi-weekly. You proceeded to calc the total federal tax by 26 weeks/ pay periods based on your inputs. Should it be 24 pay periods if you use 2/2/23 as your starting date?

[@TravisSickle]

That’s just an example, use whichever pay schedule works for you. The dates may not matchup with others on a similar pay schedule.

[@mikecastle5193]

What about state taxes deduction social security deduction medical deduction

[@tabbarae5698]

What do you recommend for a spouse who has a w-4 but the other one is a 1099?

[@TravisSickle]

It depends on the amounts of income. There are many ways to check your withholdings but not one answer for all.

[@larvind]

Travis, can you do 1 job and 1 LLC for the married filling scenario?

[@TravisSickle]

My team has been helping people 1x1 and we're thinking of doing a more detailed course for these types of questions in the future.

[@tinastephens2603]

Hello, my husband is now retired and getting Social security monthly. I am still working and not sure how to file now. I have $0 federal coming out of my paycheck. What is the best filing status for me at this time.

[@TravisSickle]

Usually, that would be MFJ. but that depends on your situation. Sort of a complex question to answer.

[@DauthiSlayer]

How about talking about Step 2 , option C where both married folks simply check the box if they are "similar pay' jobs (i.e, same tax bracket?). You literally have that highlighted in your form, that you can see in the video and you dont even discuss it. Would have been nice to spend a minute or two going over that one. Thats the one I want to use, and was hoping to get more insight into (do i need to fill out any other sections, if i check that box? No clue! would have been nicce to know!).

[@TravisSickle]

July 11, 2023

[@nicholasrobinson848]

is the wages or salary period gross or net pay? like that is a key factor to state.

[@DCAllmannsberger]

Can you do an example for married filing jointly. 1 job and SSDI for spouse??

[@TravisSickle]

Here is the IRS Form W4 list of videos kzbin.info/aero/PLtdG6H66jphKEb5r0BhKChyJQsQ3rLcqx

[@whitneyf7320]

Hi! So that 36,000 in your example which was calculated by the grid worksheet, and the 10,000 you calculated for the W-4 without any added withholdings. There was about a $10,000 difference. Is that seen in the form of a refund? I confused what happens with the discrepancy in calculated numbers ? Thanks!

[@TravisSickle]

I think you understand it. Let's say you have a total tax liability of 10k but withheld 5k throughout the year. You would then have to pay 5k at the end of the year. Alternatively, if you withheld 13k, you would get a 3k refund. MY WHOLE POINT, is that if you really want to make sure you know what your total tax liability will be and how much you should withhold, use the online estimator. The result, if you have a 10k liability should be that you withhold 10k via W4 tax withholdings.

[@maximiliano1761]

So we can just sign it and claim no exceptions? If that’s an option I just rather do that. My wife works various per diem Jobs’s. Her income is not the same every year or even every month.

[@TravisSickle]

August 11, 2023

[@naveedulmustafa4518]

Paper work in general, and IRS form specially, are worst part of living in US.

[@hansknitter6840]

My question is that in your example you said you apply the increase to the higher earner. So for the one who doesn’t make as much you don’t put anything but signing their name?

[@TravisSickle]

No, I think you misunderstood. Use the online estimator and input ALL jobs for the household. The output will give you a new W4 for each job.

[@hansknitter6840]

@@TravisSickle Ok I did that and there is a couple of questions that I don't understand on it now.

[@xq8152]

Yo what happened to the previous form? It was like 3 questions.

[@brandonschultz]

Hi Travis, just came across your video. Super helpful. Starting a new job and considering using your services to adjust our w-4(Wife and I). Do I need to wait until I get my first paystub to start?

[@TravisSickle]

no you don't need to wait. Also, you can check it using the online estimator.

[@andrewhart8268]

Is the google sheet available for download?

[@spgrammie51]

Federal tax as not been coming out of my paycheck for some reason. I talked to HR and they said I need to check the little box under 2C. Is that correct? I had to pay this past tax season and don't want to in 2023. Thank you!!

[@spgrammie51]

I must admit I'm confused!

[@TravisSickle]

No, use the online estimator and don't ask HR for help. They're not allowed to help.

[@luciasabrinadimaria614]

This isn't America any more. It's ROME. It's a fact: HISTORY REPEATS ITSELF.

[@Goblinyourammo]

Me and my wife are having trouble filling this paper work, we are filling together she has 2 jobs and i have 1. Its confusing how they want us to fill out

[@TravisSickle]

extra help ----> oakavenuetaxadvisors.com/w4/

[@LoadedCamera]

Does the formula change if only one spouse is salary based and one is hourly based?

[@sparkyevo4g]

Hi Travis, my wife makes $167k. I make $70k. We have 3 kids 17 and under. Do we use 2(c)? Or do we leave mine alone, only note married filing jointly, sign and date, and have her use 2(b) and add dependents?

[@jeramiahholland8199]

If my wife and I both put married filing jointly and we use the chart on the IRS W4 form to find our additional withholding amount do we both need to put that amount on 4c or just whoever makes the most money?

[@TravisSickle]

answered in this members only video kzbin.info/www/bejne/sHbXaZ2reMaesKc

[@ramsastry8945]

Travis, thx for the video. In the W4 form table on page 3, when it says "Annual Taxable Wage & Salary", what does this mean? Is it the gross income, or gross income minus 401K contribution and any other deductions?

[@TravisSickle]

If you’re using the tables, it’s net income, but I would just use the estimator for the most accurate number.

[@Genesh]

If I am starting a new job to file the W4, how would I have a paystub to use the estimator?

[@TravisSickle]

kzbin.info/www/bejne/omS9l2d8aq6ila8

[@joshuasiliva4618]

hi, thank you for your help. So if we want a big return just sign, date and dont fill out any of the lines? If my wife and I did that for both our w4 would it pull the max amount of taxes for both our w4s?

[@TravisSickle]

July 23, 2023

[@codycouture7962]

When I fill out the tax estimator it is pre-filling in step 3 but I do not have any children or dependants.

[@TravisSickle]

thats okay, it's a credit section, just just child or dependent credits.

[@catherinelucas2993]

What is one spouse is not working and just dependent because of disability

[@kelseypeterson6665]

Hi! My husband and I just got married and both have new jobs in the same school district. He also has a part time gig and makes less than $3k a year. When filling out the multiple jobs and additional withholding sections do we do the same on each of ours? Or can I check the box and move on and he uses the sheet to calculate his withholdings. Thanks!

[@TravisSickle]

August 1, 2023

[@steve-n1738]

I make 83k and wife make 69k, should I still use the estimator or just check box 2c?

[@jeridharms2419]

my daughter 17 how do I feel out. the W4 form the right way?

[@Mav_erik3]

Does my wife also take out the same amount on her W4 at her work or do we only take the taxes out on my paycheck since I’m the higher earner?

[@TravisSickle]

when you completed it together, you'll get 2 w4 at the end. One for you, one for your spouse.

[@jayjozwiak]

What’s the best way to fill out the estimator tool if you, or you and your spouse both, get a promotion/salary increase mid year? Married, filing jointly, both employed. TIA!

[@TravisSickle]

Add as a new job or adjust based on how much you’ll earn for the year.

[@RedFive03]

So what does the lower earner put on their W4 for this scenario? This is all for the higher earner.

[@TravisSickle]

The last page of the online estimator shows both.

[@Tweiss9910]

Just got married and used the estimate tool per your advice. My question is in regards to extra withholding. If the tool estimates that we will owe only $733, why would it have me put $226 into line 4c on the higher salary w4 with 7 pay periods left in the year. Wouldn't that withhold way more that the anticipated tax obligation? ($226*7 pay periods=$1582, approx $850 surplus withholding)

[@TravisSickle]

I thought I answered this question the other day. I did a video explaining Step 4c in the members section. kzbin.info/www/bejne/sHbXaZ2reMaesKc

[@StayPufttt]

Hello, the IRS calculator expects us to overpay in 2023. To adjust for the overpayment I will submit an IRS pre-generated W4-2023 to my employer. My question is: Come 2024 do I leave everything as is? Or at that point do I need to submit a W4-2024 with $0 in the extra withholdings 4(c) area. Thanks

[@TravisSickle]

Yes to review it periodically. What exactly you should enter will depend on your situation at that time. Zero could be correct but I don't know anything else about your situation to answer.

[@golden-ish652]

For the online calculator, do we enter the gross amount on our paystubs or the net?

[@TravisSickle]

Gross

[@nehadwivediathanikar3478]

Hi, if we are paid twice every month.. there are 24 pay periods. Calculating 52 weeks / 2 = 26 pay periods is not accurate

[@TravisSickle]

July 14, 2023

[@TravisSickle]

I'm not sure which part you were looking at but here you go kzbin.info/www/bejne/i4fRiYSMhNpmgNk

[@2VsOn1]

should your Expected tax withholding* and Anticipated tax obligation** be dramatically different? Mine is off by 20k.

[@TravisSickle]

It’s possible. Lots of factors.

[@kitkarson4226]

Hey Travis.. I have been binge watching your videos. I wanted to set up solo 401k for my LLC. (self employed and I am the only person anyway for my freelancing work). But fidelity process looks super complicated to setup. Not as easy as SEP IRA. Do you have any videos to explain how to do?

[@TravisSickle]

not on the paperwork but I am starting a discord chat here discord.gg/enuJThjHJ9 I just added this link to the descriptions of my videos.

[@amyferraro8740]

Hi Travis. I tried to use the IRS estimator but it doesn't work for us. Here's why: For 2023 I've worked Jan 1st to present and my current withholding on my check says single - 1. My husband has had no income from Jan 1st to present because he was out of work due to an injury. He is however starting a new job on Monday. How do we accurately calculate withholding when the estimator requires income and withholding amounts for both spouses? Any advice or assistance would be much appreciated.

[@TravisSickle]

August 1, 2023