W4 for Married filing jointly with dependents. w-4 Married filing jointly, withholding.

W4 instructions for Married filing jointly with dependents. w-4 withholding Married filing jointly .
How to fill out w4 tax form.
#w-4 #Katie_St_Ores #W4
Employee W-4 Withholding Certificate W4 - New Job
W4 | Employee's Withholding Certificate | IRS Tax Form W4.
Step by Step Walkthrough
How to fill out a W-4 form for Married filing Jointly
W4 Tax Form has 3 variations:
W4 single Tax Form - Single
W4 Head of Tax Form - Head of Household
W4 Married filing Jointly Tax Form - Married Filing Jointly
How to fill out W4 Employee Withholding Certificate. IRS tax form W-4 tax.
W4 Tax Estimator or IRS W-4 Form Estimator
www.irs.gov/individuals/tax-w...
W4 IRS tax Form W-4
www.irs.gov/pub/irs-pdf/fw4.pdf
W4 instructions for Married filing jointly.
Step by step walkthrough video log:
00:27 How to find Form W-4
0:45 IRS.gov IRS tax form W4
1:01 Current Version Form w4 in PDF
1:26 W-4 Employee's Withholding Certificate
1:38 Only steps 1 & 5 are required for W4
2:32 How to check your Tax filing Status
3:11 W4 multiple jobs
3:33 w4 two jobs with similar pay
4:01 W4 video with multiple jobs worksheet
5:03 Step 3 Claim Dependents on W-4
5:33 Step 4 Other Adjustments for W4
6:39 W4 Step 4 Other Adjustments
7:18 Step 5 Sign and Date W4 or it's not valid
7:34 Review of W4 Tax Form
Katie St Ores CFP has done a 'How To file a W4' video for each W-4 Form:
Employee's Withholding Certificate
How to fill out a W4 Form
How to fill out W4 single W-4
How to fill out a w4 Married Filing Jointly W-4
How to fill out a W-4 Head of Household W4
For W4 married filing separately, please watch How to fill out W4 single.
(W4 for Single is the same as W-4 for married filing separately)
Good luck and Thanks again...
Note: Please understand that these videos are for EDUCATIONAL purposes only and are very general.. All people and their financial situations are different. So it is important to consult your tax or financial professional.
_________________________________________________
Katie St Ores CFP®, ChFC®, EA, LTC
www.TaxesbyKatie.com
McMinnville, Oregon 97128
Tax preparer near me
• 97 Hours of Continuing Education each year to maintain Professional designations
• CFP® - Certified Financial Planner
• ChFC® - Chartered Financial Consultant
• EA - Enrolled Agent - Empowered by the U.S. Dept. of the Treasury
• Licensed Tax Consultant -Licensed by the State of Oregon
• Registered Investment Adviser- Oregon Div. of Financial Regulation
• Tax Accountant - Markusen & Schwing CPA's
2023, 2022, 2020, 2021 Women’s Initiative (WIN) CFP® Board
2023, 2022, 2021, 2019 Financial Women to Watch on KZbin

[@jojo10901]

Everyone else should just delete their videos trying to explain this and just come to YOU !!!!! This is by far the best explanation

[@KatieStOresCFPChFCEA]

[9:23am PST] @SaintOres.com Thanks Erick, I'm glad it helped... And I think everyone should delete their comments and just leave yours.

[@deyang9806]

I love how descriptive this video is. It helped me a ton. Thank you for making this video.

[@KatieStOresCFPChFCEA]

[10:57am PST] @TaxesbyKatie.com Thanks De Yang, Glad it was helpful! A ton might be overdoing it.

[@blackedoutpaul1444]

This is hands down the best video I could find to sort out my W$. Thank you so much for making this

[@KatieStOresCFPChFCEA]

[10:34am PST] @SaintOres.com Thanks Paul, Glad it helped! And you're welcome.....

[@anigoat]

Absolutely agree. It’s the only video that actually tells you what to do instead of over promoting the website option, and under educating on the easiest possible way to file…which was all I was finding in other videos

[@KatieStOresCFPChFCEA]

Thanks Annie, I totally agree with you. Nothing worse than watching two minutes of "promotion" for one minute of useful information. Anyway, glad the video was helpful.

[@typee507callo2]

Thank you, Katie. The was the best video yet, so many people are having trouble understanding this new way to fill the W4 form. I'll make sure to pass this information along

[@KatieStOresCFPChFCEA]

[1:35 PM PST] @saintores.com Thanks Typee, I'm glad it helped, and I look forward to my 'Best Video" nomination at next years Academy Awards.

[@davidacosta5470]

Good job Katie, this is the clearest and best explanation on how to fill out the W-4

[@KatieStOresCFPChFCEA]

[9:57 AM PST] @SaintOres.com Thanks David, Glad it was helpful!

[@davebten1]

Excellent presentation. The touch screen and ability to mark on the screen makes this a top notch video. This is the best explanation out there. Thanks!

[@KatieStOresCFPChFCEA]

[4:33pm PST] @SaintOres.com Thanks Dave, I appreciate the nice comment. Everyone thinks it's just a big TV. It definitely helps out when doing 'forms from the IRS' videos.

[@tashajackson2761]

Thank youuu! I was having such a hard time but you definitely made this super easy for me !

[@KatieStOresCFPChFCEA]

[10:23am PST] @TaxesbyKatie.com Thanks Tasha, Great to hear. Next time you're in Oregon, we can go out and you can buy me a glass of red wine.....

[@ChangedUpNowWhat]

I just love this lady! I found about about her during the pandemic. She simplifies this stuff as best as possible and she knows what she’s talking about. I just wanted to come back and say….Thank you!

[@KatieStOresCFPChFCEA]

[12:05pm PST] @SaintOres.com Thanks Curry Crew. I appreciate the wonderful comment.

[@ChangedUpNowWhat]

@@KatieStOresCFPChFCEA you are so welcome. Keep on educating and continue to inspire?

[@scott_t_woodsman]

Thanks. I was waiting for the married filing jointly version.

[@KatieStOresCFPChFCEA]

[2:43pm PST] @SaintOres.com Thanks Scott, You're welcome.

[@MALUR82]

Thank you for explaining this process with W4, now I know what to do.

[@KatieStOresCFPChFCEA]

[12:41pm PST] @TaxesbyKatie.com Thanks Malur, Glad to help...

[@mmora1000]

Very well explained and easy to understand. Thank you Katie!

[@KatieStOresCFPChFCEA]

[11:23am PST] @SaintOres.com Thanks Marco, I appreciate the nice comment.

[@JustJeep_It]

Literally the best explanation of the W4 form on youtube..THANK YOU

[@KatieStOresCFPChFCEA]

[1:33pm PST] @SaintOres.com Thanks @JustJeep_It... Now if you could tell me why I have a humming noise coming from the rear axle of my Jeep Grand Cherokee, I'd be very happy. Unless it's going to cost me a bunch of money. Then just tell my that is a normal sound.

[@JustJeep_It]

@@KatieStOresCFPChFCEA I have experience with that same noise. I had a jeep grand Cherokee with the same issue. That noise is caused by bad bearings and the rear differential. The specific name for the bearings is called carrier bearings. Eventually you can get it fixed but it’s a very common issue with the jeep grand Cherokee’s so most people just drive it with the noisy carrier bearings. Most of the time you hear it when you take your foot off the gas and coast. What year grand Cherokee do you have?

[@KatieStOresCFPChFCEA]

[11:53am PST] @SaintOres.com We should have this comment thread on your KZbin Channel..... Yes, that's exactly the noise. It's been there forever and doesn't seem to effect anything so I just keep driving it. Even though it's a 1998, it's a great vehicle to have as a spare for the occasional snow storm. I think it's one of those Jeeps that will run forever. Thanks for info and good luck with your KZbin Channel.....

[@harisbajric7958]

Great video, right to the point and very easy to understand.

[@KatieStOresCFPChFCEA]

[12:55pm PST] @SaintOres.com Thanks Haris, Glad it was helpful!

[@UnspokenRizz-ju4qq]

thank you this was very difficult task to do took me 5 hours until i saw your video it was very helpful

[@KatieStOresCFPChFCEA]

[11:51am PST] @TaxesbyKatie.com Thanks King Monix, Glad it helped!

[@madebytanice6617]

You are the best at explaining these IRS forms. Thank you!

[@KatieStOresCFPChFCEA]

Thanks Tanice, And you are the best at writing nice comments. (IRS forms are my life)

[@labelleb6705]

Thank you so much omg I didn’t even know step 3 and 4 were optional I was over here struggling for no reason at all I’m married with no kids

[@KatieStOresCFPChFCEA]

You're welcome La Belle. Now you can struggle about important stuff like what to what to watch on KZbin.

[@bootsbaker3482]

Great video.. I need to increase my withholding unfortunately, thanks for the instruction.

[@KatieStOresCFPChFCEA]

[10:53am PST] @TaxesbyKatie.com Hello Boots, Simply add an additional amount on Line 4(c) for "extra withholding." That will increase your income tax withholding, reduce the amount of your paycheck.

[@dphillips2859]

Thank you that was very helpful & explained with perfect detail.

[@KatieStOresCFPChFCEA]

[10:44am PST] @SaintOres.com Thanks D, Glad it was helpful! Perfect detail might be a stretch, but I'll take it.

[@kourtneyc.1158]

Fantastic!! Very well done, thank you.

[@KatieStOresCFPChFCEA]

Thanks Kourtney, Glad it was helpful!

[@georgemontejano8524]

Thank you for the video, so helpful!!

[@KatieStOresCFPChFCEA]

[9:58am PST] @SaintOres.com Thanks a bunch George, You're so welcome!

[@tspalacio]

Thank you so much!! This was extremely helpful!!

[@KatieStOresCFPChFCEA]

[10:44am PST] @SaintOres.com Thanks Tamara, Glad it was helpful! Sorry.... EXTREMELY helpful

[@tspalacio]

@@KatieStOresCFPChFCEA 😊

[@Misha_How_To]

The chart came in handy. Thanks 😊

[@KatieStOresCFPChFCEA]

[3:13pm PST] @SaintOres.com Thanks Misha, You’re welcome 😊

[@KatieStOresCFPChFCEA]

@Scott T Woodsman [4:23pm PST] @TaxesbyKatie.com Thanks Scott, Try using the IRS tax estimator. I'll send you the link....

[@ZT_Bar]

Hello, thank you so very much. This has made everything so much clearer and easier. For the person and spouse anual taxable wages and salary, is it gross income or net? That is the part I am still unclear about.

[@KatieStOresCFPChFCEA]

[10:11am PST] @SaintOres.com Hey Derek, You use gross for the W-4. Annual taxable wages/salary is gross income that's subject to taxation. Net income is your gross pay minus deductions and withholding from your paycheck.

[@mashhuraakhmedova2921]

The best explanations, thank you so much and god bless you ❤

[@KatieStOresCFPChFCEA]

Thanks Mashhura, Glad it was helpful! 🧡🧡🧡

[@mohjaman534]

Thanks.. you are a life saver ..

[@KatieStOresCFPChFCEA]

[2:39pm PST] @SaintOres.com Thanks Moh, Always wanted to be a life saver... Glad it helped.

[@trentmckee2814]

Hello, thank you for this informative video. I have one question though. If you and your spouse make the same and you check box "c" in step two on both w-4's, do the rest of the steps still need to be completed after step 2?

[@KatieStOresCFPChFCEA]

[10:23am PST] @TaxesbyKatie.com Hello Trent, Because only Steps 1 & 5 are mandatory, after completing Step 2 you can go straight to Step 5.

[@mohamadousow1315]

Thank you so much. Video very helpful.

[@KatieStOresCFPChFCEA]

[10:24am PST] @SaintOres.com Thanks Mohamadou, Glad it was helpful!

[@jims3721]

Great video. Your example was based on two earners. Does the other earner/spouse turn in a form that looks exactly the same?

[@KatieStOresCFPChFCEA]

[10:51am PST] @SaintOres.com Hey Jim, If there is a significant difference in wages between spouses, then it makes sense for the higher wage earner to include the extra withholding (from the worksheet) on their W-4 and for the other spouse just to complete Steps 1 and 5, BUT it depends on each situation. You can always adjust your W-4 during the year. For your second question, Yes, essentially that is the case. Your employer generally uses the IRS income tax withholding tables to find each employee’s wage range. Then makes adjustments based on specific situations.

[@OSCARL1129]

That was a clear explanation.

[@KatieStOresCFPChFCEA]

Thanks Oscar... I'm glad it helped...

[@ahap30]

So helpful. Thank you.

[@KatieStOresCFPChFCEA]

[3:08pm PST] @SaintOres.com Thanks Amanda, Glad it was helpful!

[@caitlinleeburn5451]

Thank you! I have one quick question. Will mine and my spouse's W-4 mirror each other? I used the withholding calculator and we both got slightly different numbers for Step 4 (c). Thanks!

[@KatieStOresCFPChFCEA]

[9:52am PST] @TaxesbyKatie.com It could be close to the same, or much different. So don't let that worry you. I would revisit you W-4 after a couple of paycheck and much sure everything look okay

[@merveaknc3852]

best explanation ever! very clear. thank you so much. do you have a video about "employee's withholding allowance certificate" document?

[@KatieStOresCFPChFCEA]

[09:35 AM PST] @SaintOres.com Hello Merve, Thanks for the nice comment. IRS Form W-4 is also known as the Employee's Withholding Certificate. Just that everyone just says 'Fill out this W4'. Hope this helps.

[@chiomaudeh6954]

Excellent video presentation, Katie! Thank you! I do have a few questions about step 3 in the W4 form. If you are making $25,000 per year with two kids under 17 years, do you still multiply 3 *$2000? Also, if you have 2 more children that are over 17 years old and still lives with you, do you claim them as dependents 2*$500?

[@KatieStOresCFPChFCEA]

Hello Chioma, Thanks for the nice comment about the video, For Step 3 of the W-4 form, if you have two children under 17 years old and are claiming the Child Tax Credit, you would multiply the number of qualifying children by $2,000. So in your case, you would multiply 2 children by $2,000, which would give you a total of $4,000 to enter on line 3 of the form. However, if your income is $25,000 per year, and you are filing as Head of Household with two children under 17 years old, you may be eligible for the Earned Income Tax Credit (EITC), which is a refundable tax credit for low to moderate-income working individuals and families. In that case, you might want to use the IRS EITC Assistant tool to help you determine your eligibility and estimate the amount of credit you may be able to claim. As for your second question....If your children are over the age of 17 but under the age of 24 b and are full-time students, you can still claim them as dependent children on your taxes. If they are not full-time students, they might be eligible as qualifying relatives; then you multiply two by $500, as you said.

[@nirjharray5990]

Thanks a lot. Very informative. How to determine the pay periods if the two jobs pay in different frequency. Say higher pay job is paid monthly and lower pay job is paid every other week

[@KatieStOresCFPChFCEA]

Hello Nirjhar, Each person fills out their own W-4 based on their own pay information. The best route is to use the IRS withholding tax estimator, which just recently has been updated. Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@shawnkelly5374]

Thank you for the wonderful video. You did a good job explaining everything

[@KatieStOresCFPChFCEA]

[12:31pm PST] @TaxesbyKatie.com Thanks Shawn, Glad it was helpful! And I like the word wonderful in your comment.

[@ddisbot812]

Great video Katie! Question: my wife makes significantly more money than I do. Do you recommend that she complete steps 1, 3, 4, and 5 on her w-4, and I only complete steps 1 and 5? Thank you!

[@KatieStOresCFPChFCEA]

[2:14pm PST] @TaxesbyKatie.com Hello Denis, Yes, in general, but the best route is to use the IRS withholding tax estimator (which was just recently updated). Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@phillipellingson8556]

Thanks for the video Katie. Do you have a video to go thru the Tax Withholding Estimator?

[@KatieStOresCFPChFCEA]

Hello Phillip. Thanks for the nice words. Here is the link to the estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@heathercraddock5520]

Great Video! Got a couple of questions. Just to clarify... my husband is the higher wage earner, so he fills out the "multiple job worksheet" I don't correct? Do I fill out anything on step 4? and our last child graduates this year - and is 18, who claims him for 2022? And would that claim fall under "other dependents" ?

[@KatieStOresCFPChFCEA]

[2:37pm PST] @TaxesbyKatie.com Hey Heather, If there is a significant difference in wages between spouses, then it makes sense for the higher wage earner to include the extra withholding (Step 4(c)) on their W-4 and for the other spouse just to complete Steps 1 and 5. BUT it really depends on each situation. Since your child's age is over 17, you can claim a credit for other dependents instead of a child tax credit. Just make sure that he qualifies for the status of a dependent. You can claim him on your W-4 if you would like to reduce your tax withholding.

[@wickedwood04]

My wife and I make pretty much what you had in your example. We also have 2 kids. It seems like she should just fill out box 1 and 5. I should fill out #1, I know what to do with the multiple jobs worksheet and I get paid weekly so that's around $160ish. The two kids would be $4k in dependants. Before this change I had zeros on my w4. If I do this will I see a huge increase in taxes taken out or would I be safe from having to pay next year. This new w4 seems like it's going to either take a lot more out or not take enough. I can't find any place online to find exactly how adding the dependents actually affects the numbers. I just do not want to pay next year or have way more taken from my check then normal

[@KatieStOresCFPChFCEA]

[11:51am PST] @TaxesbyKatie.com Hello Wicked, Try using the IRS withholding tax estimator (which was just recently updated). You can make adjustments and then see how these adjustments affect your withholding. That way you can dial it in. Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@mohanvnaidu]

Very informative & a great presentation.. Thankyou

[@KatieStOresCFPChFCEA]

Thanks Mohan, I appreciate the nice comment and I'm glad the video was helpful.

[@dinahfernandez204]

Thank you for this video, it’s very helpful! I’m planning to do the extra withholding (4c) on my W4. Question: does my spouse need to file a W4 too (no extra withholding) with his employer? Thank you for your help.

[@KatieStOresCFPChFCEA]

[5:28pm PST] @TaxesbyKatie.com Hey Dinah, Your spouse doesn't have to file a new W-4 if he submitted one earlier. It depends on your financial level if your husband has to do the extra withholding on his W-4.

[@dinahfernandez204]

@@KatieStOresCFPChFCEA - OK. Thank you, Katie, for taking time to respond.

[@r.appelo5309]

I’m curious, do you have a video for filling out the W4p? I’m retired, wife works… can you do a video for this example?

[@KatieStOresCFPChFCEA]

[10:53am PST] @TaxesbyKatie.com Hello R., No, I don't have a W-4p video. But after doing a ton of them this tax season, I think I might do one after April 18th. Thanks for the suggestion.

[@justaskin9560]

Thanks for the great video! For married filing jointly - is it required to fill out steps 2-4 or is just an option?

[@KatieStOresCFPChFCEA]

[10:47am PST] @TaxesbyKatie.com Hello Askin, Steps 2-4 are optional.

[@andrecaldwell6052]

How do you fill out form p-022 standard resolution for EIDL?

[@claudiasawyer7656]

Hi Katie, thank you for the video. Very helpful. I still have some questions after reading through all the other questions and answers. In your example you used the 80K and 50K earnings for the two spouses working. And when people were asking if they had to do the same W4 for both spouses' W4 you said that if there was a significant difference in wages to put the extra withholding on the higher earner's W4. Q1: What do you consider to be a significant difference in wages? i.e. does the example you used fits that definition? Q2: If the extra amount is only withheld from the higher earner, how would one account for the extra wages of the lower wage earner who seems to be getting an excessive amount of overtime throughout the year? I guess what I am wondering is if the "battleship method" to determine the extra tax amount (to be divided by the # of pay periods) already accounts for potential additional income because of the large ranges used? Q3: The other income to be listed under 4(a), what does that trigger? Does it tell the employer to add that in their payroll system to add to taxable wages so they withhold more based on that? I guess I just don't understand that part at all. Like let's say an additional $3000 total a year are received in dividends from the state for both spouses ($1500 each), how would that affect the additional withholding? Thank you for your time

[@KatieStOresCFPChFCEA]

[12:11pm PST] @SaintOres.com Hello Claudia, Sorry for the delay, your comment and the fact that your KZbin profile is brand new got my attention. My guess is that you are a technical writer because that was the best written, most concise comment I've ever received. I feel like I'm being interviewed for a tax teaching position. Most of your questions can be answered by using the IRS tax withholding estimator (just updated a couple of days ago). Here's the link. www.irs.gov/individuals/tax-withholding-estimator Sorry, but I can only answer the general scope questions on my KZbin channel. Once it goes into specifics, it becomes a professional service level of communication. If you need additional help, you can contact me directly to acquire a tax or financial service. I will be happy to assist.

[@Brenda-so1cd]

great video! i am changing to a job that pays weekly and my husband is biweekly. I previously this year was paid biweekly. what do i choose?

[@KatieStOresCFPChFCEA]

[2:37pm PST] @SaintOres.com Hello Brenda, Your tax liability is the same whether your employer pays you weekly (52) or biweekly (26). Your employer does not withhold a larger amount of your paycheck when you get paid weekly, but he does withhold payroll taxes more frequently than if you were paid biweekly. I hope this helps.

[@Adam-ts5gc]

Thank you for the explanation. I do have one question: My wife and I both work. She makes significantly less than I do, but I pay the majority of the bills, so she ends up having a lot of extra money on her end. If I end up with $135 on line 4(c), could I split that in two and put $67.5 on my line 4(c), and then $67.5 on her line 4(c)? Or can I only have that money taken out of my paychecks, since I make more than she does?

[@KatieStOresCFPChFCEA]

[9:52am PST] @TaxesbyKatie.com Hello Galtrix, If there is a significant difference in wages between spouses, then it makes sense for the higher wage earner to include the extra withholding (Step 4(c)) on their W-4 and for the other spouse just to complete Steps 1 and 5, BUT it really depends on each situation. If you would like to split extra withholding it is fine.

[@KP-mn1px]

@@KatieStOresCFPChFCEA Hey Katie. I was looking for this same question. I think it answered what I was looking for. I will just need to fill Step 1 and 5, and let my husband do the math for Step 4(c) in his W4. Thanks.

[@diedd0]

Thank you for this. Question, if I make money from a rental property that I own, where do I put that on the form? Or is this only in reference to the employer's salary that they pay me?

[@KatieStOresCFPChFCEA]

[10:23am PST] @TaxesbyKatie.com Hello David, You complete form W-4 for your employer, not for your rental income.

[@daniellecarrillo4942]

Hi! I got hired at a new job, so I’m filling one out. My spouse has an old W4, so since I’m checking off that box (we make the same amount), he’ll have to redo his W4?

[@KatieStOresCFPChFCEA]

[10:44am PST] @SaintOres.com Hey Danielle, Yes, you are correct. In this case, both spouses have to check box C in Step 2. Congrats on your new job!

[@ranmas2004]

So in that example they would take an ADDITIONAL $321 out of fed taxes ON TOP of what is already being taken out???? and you have to do this on BOTH W4s or just the one that has higher income??

[@KatieStOresCFPChFCEA]

[12:51pm PST] @TaxesbyKatie.com Hello Doctor J (I wish they'd bring back that crazy colorful ball), Yes, the amount in 4(C) will be taken out on top of your federal withholding. You have to do it on the W-4 of the highest earner spouse. It's best to use the tax estimator to calculate your own extra withholding for Step 4(C), here's the link. www.irs.gov/individuals/tax-withholding-estimator

[@WrenchNato]

I have a question. It used to be that we could fill in the filing single/married but separately even if that weren’t so in order to withhold more. Is that still the case?

[@KatieStOresCFPChFCEA]

[10:43am PST] @TaxesbyKatie.com Hello Renato, Yes you can, although it may be more beneficial to you to put extra withholding on Line 4(c) instead. The best route is to use the IRS withholding tax estimator (which was just recently updated). Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@derauslander3663]

Great video! Question does my spouse (married filing jointly) fill out the same information on her W4 as well?

[@KatieStOresCFPChFCEA]

The lower earning spouse can fill out 1 and 5 on his/her W-4.

[@rebeccacheney9566]

Helpful but I wish one of these videos would explain what the lines mean - what is "extra withholding" for instance? Is the $8,413 tax penalty for the couple, or the one person? How should we fill out my spouse's W4? We both can't claim both dependents. Should we each claim one, or one claim both?

[@kevindavis3671]

Great video, question so when you do this do both spouses fill out a form or just the spouse with the higher income?

[@KatieStOresCFPChFCEA]

10:46am PST SaintOres.com Hello Kevin, The higher income spouse fills out the whole form and the other spouse only has to fill out parts 1 and 5.

[@flguy6807]

Katie, thanks for your presentation. Would you fill out the W4P the same way? My pension fund is withholding far more than needed and I'm having trouble reducing it.

[@KatieStOresCFPChFCEA]

Hello Guy from FL…. Just to clarify, the process for completing W-4 and W-4P forms is not the same, even though they may seem similar. The key distinction between the two is that Form W-4P uses a different withholding table. This table is designed to withhold a higher amount of tax from your pension or annuity payments, reducing the likelihood of owing taxes at the end of the year.

[@flguy6807]

@@KatieStOresCFPChFCEA Thank you for the reply. My former employer rep is nice but clueless to this information.

[@SantosProd]

My question is: currently married in April 2021. we planned to file separately for income tax season 2022 and start filing together after tax season 2022. When is the correct time to update w-4. After we file in 2022? Or can I update now before i file

[@KatieStOresCFPChFCEA]

[4:13pm PST] @TaxesbyKatie.com Hello Santos, The IRS rule states that if the employer received a revised Form W-4 from an employee, it takes effect no later than the start of the first payroll period ending on or after the 30th day from the date employer received the revised Form W-4. Hopefully, this information will help you make an informed decision.

[@dantammendez7634]

I completed all the questions for my spouse and I on the irs tax estimator site. It gives me a completely diffent number than I get by following the instructions you just went through. Is that common?

[@KatieStOresCFPChFCEA]

[10:14am PST] @SaintOres.com Hello Dan or Tam or both of you, I have not heard of that but I can understand that it happens. Go with the results of the IRS tax estimator. They updated it a couple of months ago and it tends to give the most accurate results. It might be a good idea to revisit it in a month or so just to make sure. You don't want a big tax surprise next April.

[@wmmarquez]

Thank you for the info. I have 2 jobs and my wife has one. Do I put 3 sources of income on my w4? And my wife will do the same on her w4(3 source of income)?

[@KatieStOresCFPChFCEA]

[1:29pm PST] @TaxesbyKatie.com Hello Marquez bunch, When it start to get complicated, the best solution is to use the IRS withholding tax estimator (which was just recently updated). Use the results from the estimator to determine what information to put on your W-4. Each of you complete your own tax estimator questioner. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@flipz911]

Hi, based the on table on page 4, I have to add $647 on 4c. is the $647 dollar spread out over the year. Or is that every paycheck i will get taxed an extra $647 on top of my current withholding. Thanks.

[@wickedwood04]

I am sure you have gotten this figured out by now but the W4 says each pay period. That makes me feel like my paychecks are going to get taxed like crazy.

[@nicoleerspamer8081]

Hello! I just recently decided I wanted to change my taxes. I haven't changed them in a while, so I had no idea this changed. Is there a percentage I can just go by for my deduction? Can I just do like 10percent of my income and that's the amount to have taken out? For State, I was able to just claim married and 3 dependents (3 people in my family) but federal I didn't realize when I did this, they were only taking $3. So I need to change it. I have 1 child and I make $37000 a year. But we're a family if 3 so I wanted to claim married and 3. Please help! Thanks!

[@KatieStOresCFPChFCEA]

[2:37pm PST] @SaintOres.com Hello Nicole, To make it easier, try using the IRS withholding tax estimator (which was just recently updated). You can make adjustments and see how these adjustments affect your withholding. Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@juans7884]

Hello Katie, My question is the next: Can We do the married filing jointly if I am the only one that work? And she doesn’t! Thanks 🙏

[@KatieStOresCFPChFCEA]

[10:13am PST] @TaxesbyKatie.com Hello Juan, Yes, if you are married, you can file married filing jointly.

[@gabrielreyes7686]

(C) extra withholding. enter any additional tax you want to withheld each pay period. is that part optional or do you have to add whatever u divided?

[@KatieStOresCFPChFCEA]

Hi Gabriel, Yes, this step is optional. You can always redo it later if want extra withholding.

[@duranrussell9978]

Thank you 🙏🏽

[@KatieStOresCFPChFCEA]

[12:25pm PST] @SaintOres.com Thanks Duran, You are welcome...

[@sinaloren22]

Is this video an example equivalent to claiming zero on the old form OR is it equivalent to claiming the highest number possible (perhaps 3 with this example of two-income household with one dependent)?

[@williamjones4483]

How would this work out for a person that is getting a Social Security benefit each month, still works and has a spouse that works also?

[@amyjaynne]

Yes I have a question. My spouse doesn’t work and we don’t have any kids. And I want less taxes taken out of my check. Do I just check married jointly and sign and date or is there something else I must put on the w4?

[@KatieStOresCFPChFCEA]

Hello Amy, Yes, completing Steps 1 and 5 will be sufficient (marking as MFJ). How much will be taken out of your paycheck depends on your salary level. If you unhappy with the withholding after a couple of paychecks, use the IRS tax withholding estimator to walk you through to give you an accurate amount to be withheld. Here's the link... www.irs.gov/individuals/tax-withholding-estimator

[@flynnsarcade.1982]

Great video - best I've seen so far. My pay has stayed the same for years, but my wife's pay has gone up 50% since the original W4's years ago. The past couple years we are owing well over $2000 and it's a bit much. I don't mind owing, but I would like to greatly reduce what we owe. Do you think having my wife submitting a new W4 would lower our tax burden?

[@KatieStOresCFPChFCEA]

Hello Flynn, Yes, having your wife submit a new W-4 is a good idea. If her pay has gone up 50% since the originally W4s were submitted, she is likely not withholding enough. Use the IRS W-4 withholding calculator to determine how much tax should be withheld from your paychecks. She can submit a new W-4 to her employer at any time. However, it is best to submit it as soon as possible. Here's the link to the estimator.... www.irs.gov/individuals/tax-withholding-estimator

[@claudiaromero3716]

Thank you so much for this! One question? I’m putting my child as my qualifying children, does my spouse also put her on his w4 as qualifying children? Or just one of us? Thank you

[@KatieStOresCFPChFCEA]

[10:23am PST] @TaxesbyKatie.com Hello Claudia, You can both include your child on your W-4 if you are married and filing jointly. But in some situations, it is better to do this just on one spouse's W-4. Otherwise, you might end up not withholding as much as you need.

[@shusnay]

What if there a 2 children, can I put 1 and spouse put 1?

[@kylebrown4124]

Hi Katie! I totally understand how to fill out the W-4 based off your information however, I still have some questions. I am married, file jointly, and my spouse works. I tried doing both the IRS Tax Withholding Estimator (option) as well as the page 4 table document and I get totally different numbers and it sort of frustrates me. The estimator I tried doing the best I can as I get paid every two weeks and my wife gets paid once per month, so she has not got paid in 2023 yet so maybe that through it off? When I play with the table on the W-4 form we fall under $100,000 - $149,999 (High Income) and $60,000 -$69,999 (lower income) range which amounts to $10,610. After doing the math on my W-4 (10,610 / 26 weeks) I get $408. I also claim 3 dependents on my W-4 (not my wifes). $408 per pay period seems quite a bit from each of my checks through this table method. Currently I'm used to customizing my own tax withholding to adjust with what I get on my tax returns... So currently, I set my tax witholding to "7" as filing jointly I still received a decent tax return (wife was not working yet). In 2022 My wife worked part time but did not make around the 60K mark but around 35K and we still received a tax return. By the way, my wife has not submitted a W-4 yet to her job so is there a default witholding they put in? I feel all over the place as the two methods provided different numbers and the $408 per period ($816 per month) seems like a lot as in 2022 taxes showed that I am owing around $1500 so $816 seems like overkill? What would you recommend?

[@kylebrown4124]

Correction on "In 2022 My wife worked part time". This was supposed to be 2021.

[@kylebrown4124]

To add... When I do the IRS calculator, it tells me to put additional withholding on "both" mine and my spouses W-4 as step 2 just has it placed on my W-4 ) higher income). I added up the total withholding between myself and wife from the IRS calculator and I got $181. That is $227 lower than what step 2 gave me from the table on the W-4 sheet. That is what I sort of talked about above on how different the numbers were.

[@onellkarr8693]

Thank you so much for the information 🙏🙏🙏what is the best way to fill jointly with three dependents? I mean married filing jointly with one job each. Thanks!

[@KatieStOresCFPChFCEA]

[10:38am PST] @SaintOres.com Hello Onell, The best way to complete W-4 MFJ with three dependents is to complete Steps 1 and 5, which are mandatory, and Step 3 for dependents. But this is a very general route; a lot depends on your financial situation.

[@m.m.3693]

If married filing jointly but one makes 77,000 and the other 11,000 what is the best option in section 2? Thank you

[@KatieStOresCFPChFCEA]

Hello M M, The best option for you is to use the IRS Withholding Estimator tool to calculate a more personalized withholding amount based on your specific circumstances. This will help you determine the most accurate withholding for your situation. It's a government calculator. Here's the link. www.irs.gov/individuals/tax-withholding-estimator

[@apsara26]

If I use the multiple jobs worksheet and calculate the extra withholding amount, am I only to supposed to update this form for the higher paid spouse ? If so, then would the lower paid spouse enter nothing in its W4 form ?

[@KatieStOresCFPChFCEA]

[10:43am PST] @TaxesbyKatie.com Hello Shoaib, If there is a significant difference in wages between spouses, then it makes sense for the higher wage earner to include the extra withholding (from the worksheet) on their W-4 and for the other spouse just to complete Steps 1 and 5, but it depends on each situation. You can always adjust your W-4 during the year.

[@paulaosma1045]

Thank you so much for the help, I just had one question Do I put the same thing on my husbands W4? For example if we both have 52 pay periods and the table says 8170.00 do we each put 157.12 in section 4 (c) or just the higher paying job? Thank you so much!!

[@KatieStOresCFPChFCEA]

3:56pm PST SaintOres.com Just on the higher earner's W-4.

[@melissamargareth9611]

Hi Katie, thanks for your video. It really helps! I have question, me and my husband both working and have similar salary. We have 3 children. Should we both put 3 dependents on our W-4 form? Or I just put 1 child, then him 2 children? Which one is better? I dont want to pay additional tax in the end of the year. Thank you in advanced for your kind reply 🙏

[@KatieStOresCFPChFCEA]

[3:18pm PST] @SaintOres.com Hello Melissa, You better off putting the two kids on your W-4, and your husband will put one on his. I'm unaware of your prior tax situation or income levels, but if you claim all three children on each W-4, you may not be withholding enough.

[@melissamargareth9611]

@@KatieStOresCFPChFCEA Thank you Katie for your reply. I appreciate it 🙏

[@prv3110]

What should I do if I want to increase federal withholding tax, married filing joint? I think something is wrong because my W-2 showed that there's only $17.25 federal tax withheld for the entire year of 2022. We ended up paying. So what should I do going forward?

[@KatieStOresCFPChFCEA]

[9:49 AM PST] @SaintOres.com Hello Carol, If you have dependents, you can remove them from your W-4; this will increase your federal withholding. You can always add any extra withholding in Step 4c for each pay period. You can also use the IRS estimator to get a more accurate number. Here's the link. www.irs.gov/individuals/tax-withholding-estimator

[@denispalacios5485]

Very instructive. I need to maximize my weekly income, so I want to put all my dependents. My questions is, if we are a family of 4, can I put down 4 dependents, including ourselves? I simply don’t want to pay much at the end of the year. Thank you so much for the video.

[@KatieStOresCFPChFCEA]

[10:07am PST] @TaxesbyKatie.com Hello Denis, You can include all 4 of your dependents, however you can't include yourself and your spouse as dependents.

[@denispalacios5485]

@@KatieStOresCFPChFCEA thank you so very much. I though I could, since my wife it’s been jobless for a long time. Thank you again.

[@KatieStOresCFPChFCEA]

[1:06pm PST] @TaxesbyKatie.com Sure, You're welcome.

[@cddiskgamersyt7091]

IS the extra withholding amount taken out per pay period for the higher-income earner? Or is that amount divided by both income earners?

[@KatieStOresCFPChFCEA]

[2:03pm PST] @SaintOres.com Hello Gamersyt, The extra withholding amount on a W-4 form is typically taken out per pay period for the individual who filled out the form. It is not divided between income earners unless they both choose to have extra withholding taken out of their respective paychecks. The purpose of the W-4 form is for employees to indicate to their employer how much federal income tax they want to have withheld from their paycheck each pay period. If a higher-income earner chooses to have extra withholding taken out, the additional amount would only apply to their paycheck, not their partner's paycheck.

[@andreaallen1783]

My son filled out his W4 by filling out his personal info, choosing single and then signing at the bottom. He skipped middle parts. We assumed they would withhold the maximum. Turns out they are not withholding anything. Did he make a mistake filling it out or did his employer make some sort of mistake in entering his info? Thanks!

[@KatieStOresCFPChFCEA]

[10:14am PST] @TaxesbyKatie.com Hello Andrea, Depending on your son's financial situation, it is possible that there may be no withholding. It is fairly common. Just to be sure, the best route is to use the IRS withholding tax estimator (which was just recently updated) instead of worksheets. Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@JohnScaglione]

Thank you for a great explanation. Question. After checking the worksheet of what both taxes would be then going to Section 4, line 4c where you put in 321, the form says it will be taken out each pay period. Does that mean my employer would take out $321 extra, each pay period? Or should I divide that $321 by the amount of pay periods I have? The "each pay period" portion is confusing. Thank you

[@KatieStOresCFPChFCEA]

[10:23am PST] @TaxesbyKatie.com Hello John, Yes, it will take that much out each pay period. You have to use multiple jobs worksheet or the IRS Tax Estimator to calculate your own extra withholding for Step 4(C) because $321 is just my example. By each pay period it means, if you are getting paid weekly or biweekly, then that extra amount will be withheld every week or every two weeks. The Tax Estimator site is down for updated for another couple of days. Best to use that, here's a link www.irs.gov/individuals/tax-withholding-estimator

[@9190onin]

This video was pretty helpful. I was confused on the dependents, since my wife claims both our children on her w-4 if I should put them down.

[@KatieStOresCFPChFCEA]

"Pretty helpful". Hopefully this will help. If your wife claims both children, you should not put them down on your W-4.

[@femmeec]

Great video. Question: what should I enter on step 3 4 5 if I'm head of household/single with 1 child 1 job and I want less taken out of my paycheck and not owe?

[@KatieStOresCFPChFCEA]

Hello Eve, Try using the IRS tax estimator. That way you can adjust all the numbers to see how it effects the amount taken out of your paycheck. Here's the link: www.irs.gov/individuals/tax-withholding-estimator

[@user-jl6ro3ll1x]

Hello! So all of the deductions you spoke of in this video (steps 2-4), do you do this only on the higher salaried spouse's W-4 form or both? I apologize if you already said this in the video, I may have missed it.

[@KatieStOresCFPChFCEA]

Hello Hannah, A lot depends on the financial circumstances. By completing steps 2-4, you can ensure that you withhold enough money from your paycheck to cover your taxes. This will help you avoid owing money to the IRS at the end of the year or getting a large refund. If there is a big difference in salaries, it is better to claim dependents (Step 2) on the highest earner's W-4, and for the lowest earner, complete just Steps 1-5. Step 4 must be completed occasionally, depending on the specific financial and family situation. If you are still uneasy determining how much additional withholding you need, you can use the IRS Withholding Estimator to help you calculate the correct amount. Here's the link... www.irs.gov/individuals/tax-withholding-estimator

[@KP-mn1px]

@@KatieStOresCFPChFCEA Hello Katie. Thanks for the explanation. I have a couple of questions on W4, and similar to above situation. If you could please answer: 1. I am starting my job effective Jan 2nd 2024. I received W4 form from my employer. If I go for option Step 2(a), then IRS is asking me income related questions from 2023, which is 0 for me. Step 2(c) is more accurate if my income is greater than half of my husband's, which isn't the case here. So I am going for Step 2(b). But in page 4, the salary mentioned is the base salary, right? Not the taxable income which was in my husband's 1040. Can you please clarify? Thanks in advance. 2. From your above response, it seems that my husband only needs to fill Step 3 in his W4. I understand that the logic is, we both can't claim dependents together, as eventually, the total salaries and credits will be considered. So, in summary, I need to fill, Step 1, Step 2(b), Step 4(c) and Step 5.

[@paulboujabbour371]

Hello and thank you. Could you please explain step 4(b) Deductions Worksheet. 2 Enter: .... So if I am filling jointly I must enter 25900$ ? What is the pros & cons of this step ?

[@KatieStOresCFPChFCEA]

[9:52am PST] @SaintOres.com Hello Paul, Step 4: This section(which is optional), allows you to indicate other reasons to withhold more or less from your paycheck. Line 4b: Deductions. It is beneficial to complete if you expect your itemized deductions to exceed the standard deduction; you would fill out the Deductions Worksheet on page 3 of Form W-4 and enter the result on Line 4b. You DO NOT enter $25,900 - because this is the size of your standard deduction.

[@sharonaharrell37]

Thank you ❤️

[@KatieStOresCFPChFCEA]

[11:34am PST] @SaintOres.com Thanks Sharona, You’re welcome 😊

[@kn6318]

Hi, great video! Just have one question, I work seasonal and we have big income difference in our paychecks, so do we need to claim a dependent on both me and my husband’s w4 or just on one with higher pay? Thanks!

[@KatieStOresCFPChFCEA]

[4:01pm PST] @SaintOres.com Thanks KN, It makes sense that only the higher earner will claim the dependent. Otherwise, not enough tax may be withheld.

[@kn6318]

Thank you Katie for your prompt reply! So if you put same dependent on both w4s of MFJ husband and wife, that will withheld less tax out of each paycheck right? And there won’t be any right or wrong in this as if withholding is more, you will get refunded and vice-a-versa, right?

[@KatieStOresCFPChFCEA]

[5:11pm PST] @SaintOres.com Yes, that's correct. Just check on the withholding in a month or so to make sure everything looks fine. You don't want a big surprise when you file your tax return next year.

[@kn6318]

Sure, thank you!!

[@marketbuy]

Ok. Since you showed us how to fill out W4, what does it all means when it comes to my actual paycheck? W4 is sent to the employer, not the IRS. Case in point. I’m self employed. I do my own payroll. I am single and both an employer and employee. How does filling out the W4 help me execute my payroll as an employer. I do quarterly payroll ($4000/monthly) with one dependent. Can you provide a video as an example? Thank you.

[@malorie8557]

Wouldn't you be 1099? In modt cases, 1099 doesn't have federal withholding and therefore prepare to owe at the end of the year or setup a "pay as you go" quartly tax to ensure you don't owe thousands at the end of the year

[@hansknitter6840]

Thank you for your video. I have a few questions? First, with the video you provided above, should the spouse who makes the most fill this out like you presented or should both fill out the W-4 form the same? If the answer is only the larger income earner than what should the smaller income earner put down?

[@KatieStOresCFPChFCEA]

[9:12am PST] @SaintOres.com Hello Hans, Only one spouse should complete steps 2-4 (unless they have other income sources). This is usually the higher-earning spouse. The lower-earning spouse can leave steps 2-4 blank and complete only steps 1 and 5.

[@arsars304]

Hello, Thank you for the video. Please how about a worker who also do instacart, doordash or Uber? and if we are married and have kids, does each person in the couple should mention kids are dependents or only one person? Thanks

[@KatieStOresCFPChFCEA]

[12:01pm PST] @TaxesbyKatie.com Hello Ars, Since you are also doing Instacart, Doordash, or Uber you will need to cover taxes for that additional income. You can either start paying estimated taxes or increase withholding on your W-4. Even if you are married filing jointly each spouse has to complete their own W-4. It makes sense for only one spouse to claim the kids on their W-4, usually the one with a higher paycheck.

[@renatas7504]

I filled the w4 with 2 dependents,my year salary is 39,000, I realized that no federal withholding was taking is 0 and I got very worried about it , I’m head of household can u help me? I don’t want to owe the irs 😢

[@KatieStOresCFPChFCEA]

[3:04pm PST] @SaintOres.com Hello Renata, Because you are filing as head of household with an income of $39,000, you probably will not owe any federal income tax for the 2023 tax year. Here is a breakdown of your federal income tax liability for the 2023 tax year: Income: $39,000 Standard deduction: $20,800 Taxable income: $18,200 You may be eligible for additional tax credits, such as the EITC or the Child Tax Credit. These credits can help you lower your tax bill even further.

[@chriswillson8617]

Could anyone explain to me I just found this video late and my scenario mostly matched me and my spouses yearly pay being the same but I chose option B and used the chart and just put a number down on it do i replicate that number to my spouses w4 as well?

[@KatieStOresCFPChFCEA]

Hello Chris, include additional withholding only on the highest earner's W-4. Adjust withholding as needed based on paystubs.

[@carlosg1507]

When claiming dependents STEP 3 and we both work do we both claim our kids or just one parent on our w-4? Is it mandatory to fill out STEP 2 if we both work?

[@KatieStOresCFPChFCEA]

[2:07pm PST] @SaintOres.com Hello Carlos, It is not mandatory to complete Step 2. It helps with accuracy. Regarding claiming kids, the best option is for a higher earner to claim that credit. If you want, you can both claim it, but in this case, it is possible that not enough taxes will be withheld during the year.

[@rmaniney]

Very clearly Explained ! One Clarifications: My spouse also enter the same details in her W4 ?

[@KatieStOresCFPChFCEA]

Hello Rmaniney, If both you and your spouse earn roughly the same amount, you can both check the box marked "2(c)" on your W-4 forms. However, if one of you earns significantly more than the other, then the higher-earning spouse should usually complete Steps 2-4 on the W-4 form, taking into account both incomes. On the other hand, the other spouse can leave Steps 2-4 blank.

[@Keith.Briggs]

Hello. Great video but I have a quick question. I am MFJ, my spouse earns a lot less than I do, so I am claiming the extra withholding on my W4. We also have 2 children, but I am looking to have a bigger refund at the end of the year. Should we just leave Step 3 blank for claiming dependents on both of our W4’s? This should take more taxes from our checks up front and provide a bigger return at tax filing time, correct?

[@KatieStOresCFPChFCEA]

[10:52am PST] @SaintOres.com Hello Keith, Yes, you are correct. If you don't claim credit for your children, your withholding should increase during the year. As a result, you should receive a bigger refund.

[@Keith.Briggs]

@@KatieStOresCFPChFCEA Thank you so much for the guidance, you are very appreciated! 😁👍🏼

[@blind898]

What does the spouse put for their W4? This was done on the higher paying job. How does the lower paying job files there? Is it the same with the same amount?

[@KatieStOresCFPChFCEA]

Hello BlindDead, It could be sufficient for the lower paying job just to complete Steps 1 and 5. But you are better off using the tax estimator to get the most accurate results in your case. Use the results from the estimator to determine what information to put on your W-4. Please look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@corinnedoudna1997]

Question, so if you are married filing jointly will myself and my spouse have the exact same w4 answers?

[@KatieStOresCFPChFCEA]

[12:31pm PST] @SaintOres.com Hello Corinne, They could the same or could be different, it really depends on your situation.

[@MR44RON]

I know the spouse that makes the most should claim the dependent and deduction. how should the other spouse W4 look like? Should they also have taxes withheld too? Thanks

[@KatieStOresCFPChFCEA]

[10:15 AM PST] @SaintOres.com Hello Aaron, If the other spouse makes significantly less, then she/he can complete just Steps 1 and 5. You can always make adjustments to your W-4 during the year.

[@Rs-nh7zx]

Hi great video! Me and my spouse both work. And we’ve one child. Both of our W4 should claim dependent? Or just one person has to claim a dependent?

[@KatieStOresCFPChFCEA]

Hello Rs, You would want the higher earning spouse to claim the dependent.

[@susansimonson5280]

How do you treat bonuses? I have filled out the estimator with regular pay amount, will the bonuses be taxed separately at 22%?

[@KatieStOresCFPChFCEA]

Hello Susan, Sorry for the delay, your comment went in the the 'Held' folder for some strange reason. Bonuses are considered supplemental wages by the IRS and are reported on your W-2 form in Box 1, along with your regular wages. This means bonuses are taxed as income at your regular federal income tax rate. However, your employer has the option of withholding federal income tax at your regular rate or a flat 22% rate.

[@stacysommerville-jennings73]

We have been paying back taxes each year, and we are trying to figure out how to fill the form out they the IRS takes out enough taxes so we dont have to pay back each year. Any suggestions. We work approximately the same each year give or take 10k and have 2 kids 1 19 and 1 13. Thanks

[@KatieStOresCFPChFCEA]

Hello Stacy, You can start by removing your dependents from your W-4s. That might do it. Additionally, the IRS offers a free online tool called the Tax Withholding Estimator: apps.irs.gov/app/tax-withholding-estimator/income-and-withholding/. This tool can help you estimate the appropriate number of allowances to claim based on your specific income, filing status, and deductions.

[@camachogloris]

How to fill the EIDL grant , and EIDL loan ? Thanks you ever have a great information!!

[@KatieStOresCFPChFCEA]

[10:11am PST] @SaintOres.com Hello Gloria, SBA’s COVID EIDL Program closed on December 31, 2021.