W4 - IRS tax Form W-4 - How to fill out IRS Tax form with calculations. 2024 is close to 2022.

W4 | w-4 tax form, how to fill out W4 Employee Withholding Certificate. IRS form W-4 tax.
#w-4 #Katie_St_Ores #W4
W4 2024 is almost identical to W4 Tax Form 2023
W4 withholding instructions for Married filing jointly with dependents. w-4 withholding Married filing jointly .
How to fill out w4 tax form.
W4 Employee's Withholding Certificate, 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 tax withholding estimator site
4:51 W4 multiple jobs worksheet
7:03 Step 3 Claim Dependents on W-4
7:35 Step 4 Other Adjustments for W4
8:39 W4 Step 4 Other Adjustments
9:18 Step 5 Sign and Date W4 or it's not valid
9:34 Review of W4 Tax Form
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
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
• CFP® - Certified Financial Planner
• ChFC® - Chartered Financial Consultant
• EA - Enrolled Agent - Empowered by the U.S. Dept. of the Treasury
2024, 2023, 2022, 2020, 2021 Women’s Initiative (WIN) CFP® Board
2024, 2023, 2022, 2021, 2019 Financial Women to Watch on KZbin

[@16carla89]

Finally an explanation that goes straight to the point. Super useful!

[@KatieStOresCFPChFCEA]

[11:14am PST] @SaintOres.com Thanks Elisabetta, I'm glad it was useful...

[@lilmizblubird1415]

You are my hero right now! I never was taught this and have no one to teach me in my life about things like this. Thank you so much!!

[@KatieStOresCFPChFCEA]

[2:57pm PST] @SaintOres.com Thanks Katarina, You're very welcome! I'll be putting "You're my hero" on my business cards.

[@thuythibear99]

Is it’s true that if you check the Multiple Jobs box will withhold the most taxes? Thank you if you can answer my question. 😊

[@josediaz706]

I went to two accountants and both could not explain this to me. Thank you, Katie!

[@KatieStOresCFPChFCEA]

[10:33am PST] @TaxesbyKatie.com Thanks Jose, You're so welcome!

[@kberry7799]

Thank you for your help! I was doing it all wrong 🙋🏽‍♀️😂 Thankful I came across your video in time to edit my form before it got submitted for payroll. God Bless You!

[@KatieStOresCFPChFCEA]

[10:03am PST] @SaintOres.com Hello K, Glad I could help! The IRS changed the form a couple of years ago and the new form is quite a bit different.

[@thememorykeeper6423]

Thank you so much for the clear and well explained instructions on how to fill out this form!!!

[@KatieStOresCFPChFCEA]

Thanks Keeper, I’m glad it helped…

[@rinatsaber]

Exactly what I needed. Thank you, Katie!

[@KatieStOresCFPChFCEA]

Thanks Rinat, I’m glad it was helpful.

[@Badabum9080]

After using it successfully...sharing this with some friends. This was actually helpful!

[@KatieStOresCFPChFCEA]

[12:51pm PST] @TaxesbyKatie.com Thanks Vijai, I'm glad it was helpful....

[@freedomnu9371]

Man! Thank you so much for this. Finally!!!!

[@KatieStOresCFPChFCEA]

[2:33pm PST] @SaintOres.com Thanks Freedom, I'm glad it was helpful....

[@scott_t_woodsman]

Wow, a W4 video that Steven Spielberg would be proud of. Thanks.

[@KatieStOresCFPChFCEA]

You’re welcome Scott

[@KatieStOresCFPChFCEA]

I was hoping for George Lucas.

[@shadowlynxv6082]

W4, The Movie. That should be a thing. I would actually watch that. Haha

[@KatieStOresCFPChFCEA]

I'll see if Dwayne Johnson wants to play the lead.

[@shadowlynxv6082]

@@KatieStOresCFPChFCEA Haha. I wonder what that movie would be like to watch.

[@richacevedo660]

Great video thank you for explaining this!

[@KatieStOresCFPChFCEA]

[10:23am PST] @SaintOres.com Thanks Rich, Glad it was helpful!

[@breezyl3988]

You're awsome Katie. Clearly explained to how fill-out this W-4 form. Thank you so much.:) :) :).

[@KatieStOresCFPChFCEA]

[9:42am PST] @TaxesbyKatie.com Thanks Breezy...

[@tonibella6781]

Most helpful video I've seen so far!

[@KatieStOresCFPChFCEA]

[9:59am PST] @SaintOres.com Thanks Antonia, Glad it was helpful!

[@Luv4thegame9]

Wow! Very helpful and simple to follow. Thank you!

[@KatieStOresCFPChFCEA]

[1:23pm PST] @SaintOres.com Thanks GameLuver, Glad it was helpful! Always nice to get good feedback.

[@lanaruvalcaba6838]

Short,clear, easy! Thank you!

[@KatieStOresCFPChFCEA]

[9:42am PST] @TaxesbyKatie.com Thanks Lana, You're welcome!

[@rharris9866]

Efficient and effective! Thank you Katie!

[@KatieStOresCFPChFCEA]

[4:25pm PST] @SaintOres.com Thanks Racquel, I'm gonna put that on my business cards..."Efficient and Effective!"

[@rharris9866]

@@KatieStOresCFPChFCEA As you should, it’s the absolute truth!!!

[@franciscoortiz6980]

Good simple video with REAL example. Thank you for pointing out 2C checkmark (at 4:00 in video) ONLY check this if BOTH you and spouse are filling out NEW W4. For example my wife starting job in mid year... but I have been working all year and have not changed my W4.... we did NOT check 2C. We did enter for 2 x 500 other dependents. And used the table on back of w4 to find value for 4C.

[@KatieStOresCFPChFCEA]

[9:32am PST] @SaintOres.com Thanks Francisco. I wish I could do videos like yours (Booze Taste test: Heavens Door, Grangestone, Toast and more) instead of W-4 videos....

[@catzlady.8189]

quick to the point and very well explained --thank you

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Thanks Catz, Glad it was helpful!

[@TheDTAnderson]

This is a great video and finally a good explanation! Keep up the good work!!

[@KatieStOresCFPChFCEA]

[1:02pm PST] @SaintOres.com Thanks D, Glad you liked it!

[@orlandopeyton8076]

Nice breakdown of the W4!

[@KatieStOresCFPChFCEA]

[9:22am PST] @TaxesbyKatie.com Thanks Orlando, Glad you enjoyed it.

[@pcnrd07]

this was awesome! Thank you very much! straight to the point!

[@KatieStOresCFPChFCEA]

[11:14am PST] @SaintOres.com Thanks Johnny, I appreciate the "awesome" comment.

[@thuythibear99]

And this is an awesome video. I learned a lot. Thank you so much!

[@KatieStOresCFPChFCEA]

9:29am PST SaintOres.com Thanks Thuythi Bear, I am glad it helped.

[@gregandrade3796]

Super very HELPFUL! thanks!!!

[@KatieStOresCFPChFCEA]

[9:52am PST] @SaintOres.com Thanks Greg, Glad it helped!

[@Algorithmalchemy]

VERY helpful! Thank you.

[@KatieStOresCFPChFCEA]

[9:32am PST] @SaintOres.com Thanks Dean, Glad it was helpful!

[@alliedoublev9114]

So helpful, thank you!

[@KatieStOresCFPChFCEA]

[1:10pm PST] @SaintOres.com Thanks Allie, Glad it was helpful!

[@neri3376]

Omg you are the best.. great break down

[@KatieStOresCFPChFCEA]

[12:21pm PST] @SaintOres.com Thanks Nichole, That's very nice of you.

[@robd2650]

Thanks very much I also appreciate your clarity & simplicity. I used the tax estimator, & I pretty much trust the results, where just filling out the form, left me with questions, & a feeling of I hope this works.

[@KatieStOresCFPChFCEA]

[10:54am PST] @SaintOres.com Hello Rob, The IRS updated the tax estimator a couple of months ago so it works well now. It's always good to revisit your W-4 after a couple of paychecks just to make sure. You don't want to be surprised when you file your taxes.

[@roybrownjr6577]

Good Job ‼️🇺🇸 You helped me, Thanks‼️🌟🌟🌟🌟🌟

[@KatieStOresCFPChFCEA]

Thanks Roy, Glad to help.

[@gargnaveen2647]

Thank you for sharing this. Very easy to understand.

[@KatieStOresCFPChFCEA]

[2:13pm PST] @SaintOres.com Thanks Naveen, Glad it was helpful!

[@m.q.zamanchowdhury5871]

I really appreciate your great job you have delivered by this video.

[@KatieStOresCFPChFCEA]

[10:54am PST] @SaintOres.com Thanks M. Q. , Glad it was helpful!

[@clementmoves9704]

So good! Better explanation than the others.

[@KatieStOresCFPChFCEA]

[5:15pm PST] @SaintOres.com Thanks Clement, I'm glad you like it.

[@oWiinKMK7]

Now I understand what it all meant and I’m also realizing my employers didn’t know how to fill these out either since I see they were doing it wrong as well 😂 I was getting taxed out the cheeks because of them 😂🤦🏾‍♂️

[@KatieStOresCFPChFCEA]

[9:52am PST] @SaintOres.com Hello MK7 owner, It's a fairly new form, so hopefully they figured it out. You can always submit another W-4 to correct the first one.

[@125antonia]

Thank you so much!! that was a very helpful video, it had been a while since I filled out kw4 form I forgot how much of a hassle they are without help 😜

[@KatieStOresCFPChFCEA]

[11:18am PST] @SaintOres.com Thanks Antonia, You're very welcome!

[@matthewsanchez2247]

Love it! I've been struggling to find someone who knows why I haven't had federal taxes taken out. Nobody within my HR or payroll team could provide an answer.

[@KatieStOresCFPChFCEA]

[11:21am PST] @TaxesbyKatie.com Hey Matthew, Happy to help! For example, often your filing status affects the way your taxes are withheld. The filing from a single person will have more withheld tax compared to someone that is married or is the acting head of a household.

[@billn9n]

Amazing work ty for this!

[@KatieStOresCFPChFCEA]

[10:43am PST] @SaintOres.com Thanks Bill, Glad you thought it was AMAZING!

[@ray83baby]

Wow. Thank you so much!!!

[@KatieStOresCFPChFCEA]

[3:23pm PST] @SaintOres.com Thanks April, Glad it helped!

[@kc7112]

Thank you for this video!

[@KatieStOresCFPChFCEA]

Thanks K C, You are so welcome!

[@latishagillard3195]

Thanks for making it CLEAR!!! Big Deal

[@KatieStOresCFPChFCEA]

[9:12am PST] @SaintOres.com Thanks Latisha, Glad to help!

[@caseygoold6817]

Thank you! This is wonderful!

[@KatieStOresCFPChFCEA]

[2:37pm PST] @SaintOres.com Thanks Casey, You're welcome. Wonderful is a very nice word for a W-4 video.

[@CharlesSmith-bw3wy]

This was amazing

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Thanks Charles. It's the first time I've received an 'amazing' in the comments...

[@luizas4687]

Awesome 👏

[@KatieStOresCFPChFCEA]

Thank you luzia.

[@jacqueleengarciajg]

Thank you for this I understand

[@KatieStOresCFPChFCEA]

ThanksJacqueline, I’m glad it helped.

[@russellmartin3880]

Wonderful video. Thanks

[@KatieStOresCFPChFCEA]

[10:23am PST] @SaintOres.com Thanks Russell, Glad you enjoyed it...

[@tss0828]

Thank you!!!!

[@KatieStOresCFPChFCEA]

[10:23am PST] @SaintOres.com Thanks Tamika, You're welcome!

[@annita4649]

Thank you, so helpful

[@KatieStOresCFPChFCEA]

[11:51am PST] @SaintOres.com Thanks Annita, Glad it was helpful!

[@Mandy-gi3nb]

God bless you!!!

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Thanks Amanda, I'm glad you like it.

[@salmaclein8425]

Thanks a lot really helped 👌

[@KatieStOresCFPChFCEA]

[10:13am PST] @SaintOres.com Thanks Sal, Glad it helped...

[@dianaachimba8230]

Very clear explanation. Thanks so much

[@KatieStOresCFPChFCEA]

[10:13am PST] @SaintOres.com Thanks Diana, You are welcome!

[@markbradley8198]

Good Goin' Katie.

[@KatieStOresCFPChFCEA]

Thanks Mark...

[@markbradley8198]

@@KatieStOresCFPChFCEA Kati, I have a question. I got a loan last year and am not sure how, when, or where to start to request forgiveness for the loan. I'm busy now starting an online marketing business, but what steps should I take to resolve this issue. No one has reached out to me yet, but with all of the crazy bureaucracy, I'm not use sure who's doing what to whom. Thanks, Mark b

[@KatieStOresCFPChFCEA]

@@markbradley8198 [4:48 PM PST] @TaxesbyKatie.com Hey Mark, There is no deadline to apply for PPP loan forgiveness. PPP loans have a covered period of 8 to 24 weeks after the funds hit your bank account. Once that covered period ends, your loan payments are deferred for 10 months. At the end of the 10 month deferral period, you have to start making monthly payments with loan terms of 1% interest on a 2 to 5 year term. Therefore, it’s best to apply for forgiveness before this payment deferral period ends. No one will reach out to you, you have to apply and start the forgiveness process yourself. Contact the lender who funded your PPP loan and ask them if they have an online version of the forgiveness application.

[@cesaraguilar6315]

Very helpful inf. Keep it up👍

[@KatieStOresCFPChFCEA]

[9:52am PST] @TaxesbyKatie.com Thanks Cesar, I'm glad it was helpful.

[@Brttan]

Finally find something that gets to the point and tells me what I need to put. I messed up my first one so thank you for this!!!

[@KatieStOresCFPChFCEA]

[9:42am PST] @SaintOres.com Thanks Brittany, I also think it's a waste of time to watch people asking me to click on things. Glad the video was helpful!

[@mikamika792]

Great video! Very simple. I have couple of questions. Would like to know if I claim a child can he also claim the same on his w4 form. Also does both spouse and I need to complete w4 exactly same way on our w4 form

[@cardtricksforallll]

what about if I work and I get ( W2 and 1099 ) and married, but my wife doesn't work and we file married jointly. is that consider like single with two jobs ? do I have to fill out the sections 2-4 ? because you said it's either single with two jobs or married and each of us should have a job. but what about if I have W2 and 1099, but my wife doesn't have a job. Thank you for the great video.

[@KatieStOresCFPChFCEA]

[11:31am PST] @TaxesbyKatie.com Hello أحمد خضير, When they are talking two jobs in the instruction, it means having two W-2 jobs, not income from 1099-NEC. 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

[@harisshah5897]

Thanks Katie

[@KatieStOresCFPChFCEA]

[3:43pm PST] @SaintOres.com You're welcome Haris....

[@matthewclark5488]

THANK YOU! Incredibly helpful!

[@KatieStOresCFPChFCEA]

[3:13pm PST] @SaintOres.com Thanks a bunch Matthew, Glad it helped!

[@idkthes]

thank you

[@KatieStOresCFPChFCEA]

[12:45pm PST] @SaintOres.com Thanks Raymund, You're welcome

[@bkfawcett]

Thank you for clarifying a W-4 for our married/jointly situation! I did have the same question that looks like it was answered in the comments about the "other W-4" namely my spouse's. I had married/jointly and zero deductions last year for both of us and got a huge tax bill with penalties for underpayment. The big answer to this seems to be that each W-4 is assumed to be the only household income! Now pulling single/zero for both plus extra to try to make up for this year, but I'll try the lookup table and split the extra withholding (4c) between our W-4's next time...

[@KatieStOresCFPChFCEA]

[4:25pm PST] @SaintOres.com Hey Bkfawcett, Instead of using the worksheet table try the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the 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

[@bkfawcett]

Yep! Thanks Katie! I use the estimator now at every pay period to see how we’ll work out this year. I keep bumping up our 401k savings in order to pay ourselves first, but it seem we’ll still owe a $chunk so I’ve also bumped withholding. I’ve never thought I’d need to send extra fed until TCJA kicked in…now we know!

[@KatieStOresCFPChFCEA]

[9:42am PST] @SaintOres.com Great BK, The IRS likes to keep you thinking. Hopefully they don't change the form again this year. Everyone is starting to get the hang of it now.

[@bkfawcett]

Speaking of the Tax Withholding Estimator, it looks like it was updated very recently…

[@mandyfae7912]

Omg ty

[@KatieStOresCFPChFCEA]

[9:32am PST] @SaintOres.com Thanks Mandy, You're welcome....

[@briancapps7663]

Hi. Do I put the amount that goes to 4c in both w4s?. In this case it will be 321 in both?

[@curlyandproud]

Really informative video. Thanks so much for breaking it down! I hope you can answer a question I still have about the form. With my employer, I fill out our tax withholdings information on an employee self-service website. However, we don't see the actual W4 form as you showed in the video. Instead, it shows the following as of today 5/2021: Tax Marital Status(1): Married filing jointly(or Qualifying widow(er)) Withhold at higher rate(2): Claim Dependents Amount(3): - Other Income (4a): - Deductions (4b): - Extra Withholdings (4c): - I'm married filing jointly. Would enough taxes be withheld if I select "Yes" for step 2 (withhold at higher rate) instead of using the worksheet and putting an amount in 4(c)?

[@KatieStOresCFPChFCEA]

[1:23pm PST] @TaxesbyKatie.com Hey Penelope, Yes, you can just choose Step 2 (withhold at the higher rate), that should be enough. Check the next payroll stub to be sure.

[@curlyandproud]

@@KatieStOresCFPChFCEA Thanks so much!

[@KatieStOresCFPChFCEA]

@@curlyandproud [2:33pm PST] @TaxesbyKatie.com You're welcome....

[@jamesgray4590]

I had a question if my wife works but is in a medical leave and then she’s going on a maternity leave how should I calculate how much money she will make she’s only worked a few months this year vs her regular pay like last year. Also does putting the child dependents on your w-4 take away you income tax return at the end of the year? One more thing on the extra withholdings take that out of each check? So after I do her and my income does and it says put 190 on 4c does that come out of my check each week I get paid

[@umairdbest18]

Great information. But you didn't mention what my spouse have to fill if she's earning lesser than the two. Does she needs to put in the same withheld amount?

[@sinshoe5870]

That is the exact question I came for too

[@Tonster2428]

Great video Katie, Assuming in your scenario, all of their income was taxable how much would be taken out of each check? 8340/26 = 320.76? minus the child 2000/26 =76.92 meaning they would expect 320.76 - 76.92 = 243.84 withholdings?

[@sheenasager13]

Does this mean that they take more taxes or less after doing step 2? I got $193, is that gonna be on top of something else? Like is it an extra 193?

[@marcosjuannmarkillo]

thank you gracias

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com You are welcome Nmarkillo... de nada.

[@k-oiya5004]

Wow, definitely did this wrong. Thanks for your video!!!

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Thanks K, Glad it helped...

[@nohemitorres9996]

Thanks for your video it helps me a lot. Can you do one for EDD employee’s withholding allowance certificate... Thanks!

[@KatieStOresCFPChFCEA]

[10:53am PST] @SaintOres.com Hello Nohemi, I will try. Thanks for the suggestion. I plan on doing as many government forms as I can.

[@shadowlynxv6082]

@@KatieStOresCFPChFCEA Thanks. This is interesting.

[@shannonduarte1257]

Thanks for the information! If married filing jointly, do both parents claim their dependent(s) on their own individual forms? For example, we have one child. Do we claim that dependant on each of our forms…my spouse claims a dependent and I claim a dependent for the one child?

[@KatieStOresCFPChFCEA]

[1:02pm PST] @SaintOres.com Hello Shannon, If there is a significant difference in wages between spouses, then it makes sense for the higher wage earner to claim their child, and for the other spouse to complete just Steps 1 and 5, but it depends on each situation. However, for the most accurate results, it is best to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the 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

[@romeos7829]

Thank you for your help, my wife started to work this week only married filing jointly, I did not put a number for the extra withholding for my own check in the past 4 month ,since she works now Should I pay the extra withholding from my paycheck or should we split this number from the worksheet. Let’s say the final number is 120 per check should I only pay it or split it between our W4.

[@damonbullis4681]

Thank you for the great video, it really helped make things easier to understand. I do have one question about married filing joint with similar incomes and using step 2c. Just to make sure I'm correct in this: Person A fills out step 1, checks the box in step 2c, fills out step 3, filling out step 4 is optional, and fills out step 5. Person B fills out step 1, checks the box in step 2c, filling out step 4 is optional, and fills out step 5.

[@KatieStOresCFPChFCEA]

[4:18pm PST] @SaintOres.com Hey Damon, You got it right.

[@cheezytacos]

Hi, nice video. I do have one question. If my spouse and I both didn’t work this full calendar year 2021, when we determine our income, do we determine a full year income based on our wage/salary? Or do we start from the month we started working this year ? We both started working in June, so we would start from June-December for our income?

[@KatieStOresCFPChFCEA]

[2:43pm PST] @SaintOres.com Hey Cheezy, If you are using the multiple jobs worksheet table, then you have to use annual taxable salary.

[@mgrenn]

Quick question: How should handle my (higher income) weekly pay compared to spouse (lower income) bi-weekly pay? Thank you for the great video!

[@KatieStOresCFPChFCEA]

[1:32pm PST] @SaintOres.com Hey MGrenn, Non-quick answer..... It doesn't make that much difference unless you had some major event happen and you have to update your W-4 ASAP. Withholding takes place throughout the year. If you need to adjust your withholding, doing so as quickly as possible means there’s more time for tax withholding to take place evenly during the rest of the year. If you do this at the end of the year, then there are fewer pay periods to make the tax changes which could have a bigger impact on each paycheck. Factors that can affect how quickly withholding changes are made mostly based on how often you are getting paid ( weekly, biweekly or monthly).

[@pkbatlanta]

Hi Katie - very helpful video! Question on Step 3 - Dependents, do both spouses put the same amount on our W-4 (ex: $4,000 for two children) or only one spouse? We are married filing jointly, both spouses working. Thank you!

[@KatieStOresCFPChFCEA]

[3:53pm PST] @SaintOres.com Hello Priscilla, If there is a significant difference in wages between spouses, then it makes sense for the higher wage earner to claim their children and for the other spouse to complete just Steps 1 and 5, but it depends on each situation. However, for the most accurate results, it is best to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the 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

[@pkbatlanta]

@@KatieStOresCFPChFCEA thank you!

[@kaylaquebec7077]

What is your recommendation where one spouse is a W4 employee and the other is a business owner? I just got married in June and I’m having trouble determining whether to use married filing jointly or married filing separately. I haven’t updated my W4 yet as a result. My husband’s income fluctuates year to year based on the nature of his businesses. Some years we might be similar in annual earnings, others not.

[@KatieStOresCFPChFCEA]

[9:42am PST] @SaintOres.com Hey Kayla, Sorry about the delay, your comment went to the 'Held' section. Just like the old Form W-4, the redesigned Form W-4 does not compute self-employment tax. So you will fill out your W-4 like you have one job and omit the multiple jobs section.

[@brandonmendez4520]

Hi Katie, if I am paid both an annual salary and a variable, non-guaranteed commission, then should the estimated commission count towards the total annual income which I assign to myself on this worksheet? Or would I only reference guaranteed income? In my state (NC) I believe that employers are obligated to withhold tax from "bonus income" such as commission at a certain rate regardless of how I complete my W4, so I am wondering if it makes the sense to reference only my base salary or if base + commission should be used to calculate my total income for the purposes of this form. Thanks!

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Hey Brandon, I can't say anything specific to NC, not something I had to deal with. Without having access to your income numbers, it is hard to say with certainty since it is "variable, the NON-GUARANTEED commission" but I would not include it in your base calculation. You should try using the IRS withholding tax estimator instead of a worksheet to get a more exact answer. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@dedriasmith4571]

If my spouse and I have 1 job each, but now I am completing the w4 paperwork for a second job for myself, do I complete the w4 as 3 jobs or 2 jobs?

[@viswapenubolu5052]

This is a great video. Thank you. If i get 90k as gross income. Should i use that to check my estimation or subtract standard deduction (25k for married filing jointly) and then look for contribution.

[@KatieStOresCFPChFCEA]

[10:23am PST] @SaintOres.com Hey Viswa, I'm not too sure of what your question is. When you use the tax estimator, you start with your gross salary. Here's a link to the IRS tax withholding estimator. www.irs.gov/individuals/tax-withholding-estimator I hope this answers your question.

[@rosieochoa3551]

Hi Katie, I’m so happy I came across your video. It’s so much better than others ….. Question: In Step 2 under multiple /other dependents it’s not referring to the spouse, correct ? It’s for “other” dependent besides spouse ??

[@KatieStOresCFPChFCEA]

Hello Rosie, Correct, other dependents., NOT your spouse.

[@rosieochoa3551]

@@KatieStOresCFPChFCEA thank you for responding so quick and taking the time to. 🫶🫶

[@romeos7829]

Married filling jointly with 1 kid , how many allowances can we claim 1, 2 or 3. I claimed my dependent on W4 so she would not claim him since I did is that right?

[@seanpaul1551]

Hello Katie...First and foremost thank you for sharing this information. It is very informative as this W4 form is ever evolving. My question is will the number my wife and I put in line 4(c) be the total number of federal taxes deducted from our checks or will this be on top of what is already being deducted?

[@KatieStOresCFPChFCEA]

[3:13pm PST] @TaxesbyKatie.com Hey Sean, The W-4 lets your employer know how much money to withhold from your paycheck for Federal taxes. Several states - but not all - accept the federal W-4. If your state has their own withholding form, you will need to complete it to withhold the correct amount for State taxes. I'm not sure "what already deducted" you are referring to.

[@seanpaul1551]

@@KatieStOresCFPChFCEA So sorry. Let me try to clarify. We are newly married and changing our filing status from Single/HOH to Married/Jointly. After using the worksheet, we came up with a number for 4(c). So I wanted to clarify will this new number based on our now combined income be the total federal deduction from our check bi-monthly?

[@KatieStOresCFPChFCEA]

@@seanpaul1551 Hey Sean, You put that extra withholding amount on the W-4 of the higher compensated spouse.

[@lorettanjohnson4776]

@@KatieStOresCFPChFCEA Hi Katie, Thank you for the explanation. I have follow up question to Sean's. I have the higher income, my spouse has the lower income. I calculated the extra deduction and put it on my W-4. How should my spouse fill his's W-4? what should he put on his?

[@KatieStOresCFPChFCEA]

@@lorettanjohnson4776 [10:53am PST] @TaxesbyKatie.com Hey Loretta, Since your husband is a lower wage earner than you, and you already included an extra withholding amount on your W-4, he can just complete Steps 1 and Step 5.

[@patatay100]

Thank Katie. Thank you for the great explanation. If I am filling married jointly and my wife works, does she need to have the same numbers in her W4? If I am putting my children (under 17) as dependents would she also need to put them in her w4 or only one of us can claim them as dependents? Thank you.

[@KatieStOresCFPChFCEA]

[10:43am PST] @SaintOres.com Hello Jose, You would not want to fill out W-4 the same way if there is a significant difference in wages between spouses. It makes sense for a higher wage earner to claim their kids, and the other spouse can just complete Steps 1 and 5, but it depends on each situation. For the most accurate results, it is best to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the 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

[@patatay100]

@@KatieStOresCFPChFCEA thank you Katie. I will take a look at the estimator.

[@clearsara5686]

Can you please make a video on EIDL! I applied on 2/11 for the targeted advance loan and I don’t see it on my portal. Don’t know where to check? I called the SBA and no luck on talking to real agent. I am trying to get an update

[@KatieStOresCFPChFCEA]

[4:23pm PST] @TaxesbyKatie.com Yes Sara. I will look into doing an EIDL video once the tax season ends. It's getting a little busy now.

[@candyclaire]

Is this only applicable to Highest Paying earner? Does the Lowest Paying job earner still need to fill out the W-4 for Parts 4(c)? Thanks!

[@KatieStOresCFPChFCEA]

[10:53am PST] @TaxesbyKatie.com Hey Candy (from the soon-to-be world famous CandyClaire KZbin Channel), Step 4(c) is not mandatory for either. The lower-paying job earner doesn't have to fill out 4(c), where for the higher earner it is recommended for the accuracy of withholding.

[@lakbirmo4540]

Thank you very much for your advice and help: after I received the two EIDL Loan increases . Last month the SBA sent me a message about getting more found : I requested the maximum SBA was offering me ? Bad news ; today when I opened my portal it shows the last amount I received not the asking amount. I called the SBA she was pretending she doesn’t know and she said you’ll receive an email soon and she hanged up on me . Please what should I do know .

[@KatieStOresCFPChFCEA]

Hello Lakbir, The best I can tell you is to call the SBA back and speak to someone else. They are the only ones that can help you. Good luck...

[@angelkuni3932]

I have a question I’m married filing jointly no dependent but my withholding says 121 but the irs estimator gave me a bigger amount that I got on the multiple jobs worksheets?

[@KatieStOresCFPChFCEA]

[10:23am PST] @SaintOres.com Hey Angel, The estimator gives you more precise number than the worksheet.

[@acsllinas]

Thank you.. do both husband and wife would need to fill out the form in the same way? Or is this just one per couple? And therefore the highest salary would be the only one that has to file this?

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Hey MC, Each spouse has to fill out a separate form W-4 for their employer. You would not fill it out the same way if there is a significant difference in wages between spouses. It makes sense for a higher wage earner to claim their kids, and the other spouse can just complete Steps 1 and 5 but it depends on each situation. BUT... for the most accurate results, it is best to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the 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

[@DALLASONETV]

Nice jeans 👍🏾

[@celinagalindohull2103]

In this example, does it mean $321 is the total tax withheld from each paycheck OR does it mean that $321 of additional taxes will be held on top of whatever percentage is taken from the paycheck?

[@KatieStOresCFPChFCEA]

[10:22am PST] @TaxesbyKatie.com Hello Celina, It means that $321 of additional taxes will be withheld on top of any amount already taken from the paycheck

[@josereyes7436]

Quick question so on the 4C extra withholding does it mean they will take that amount every paycheck ?

[@KatieStOresCFPChFCEA]

[11:41am PST] @SaintOres.com Hello Jose, Section 4(c) allows for extra withholding to be done from your pay each pay period.

[@realrecognize-real9171]

When married filing jointly, do both wife and husband enter the same amount for claiming dependents under 17? For example, if they have two kids both under 17 would both husband and wife put $4,000 for their dependents section? Or should whoever makes the most claim the two children and calculate the extra withholding, and the other partner put 0 for dependents and 0 for extra withholdings?

[@KatieStOresCFPChFCEA]

[10:43am PST] @SaintOres.com Hey Real, It makes sense for a higher wage earner to claim the kids ($4,000) and the other spouse can just complete Steps 1 and 5. For the most accurate results, it is the best to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@andrewtyme8420]

Great work Katie. Question.. what if when a married couple is filing jointly and one of the spouse is just a temporary Employee for a period of four months , the other spouse works the usuall all year round . Both one job each.. how would you get the annual pay for the temporary employee spouse as he is just working for 4 months?

[@KatieStOresCFPChFCEA]

[11:21am PST] @SaintOres.com Hey Andrew, Your spouse should talk to her employer and see if they can do a part-year tax withholding method. This method allows your employer to adjust the amount of taxes they withhold from your paycheck, so you don’t end up overpaying upfront. You are eligible for part-year tax withholding if you were employed for less than 245 days during the current calendar year. For example, you have a temporary job and get paid $15,000 for 3 months of work. The normal method assumes that you are earning $5,000 every month, or $60,000 a year ($5,000 x 12 = $60,000). In reality, you are only earning $5,000 per month for three months. If your employer agrees to part-year tax withholding, they will report your total of $15,000 as if it were earned over the entire year. This measures out to $1,250 per month ($15,000 / 12 = $1,250). So, if her employer is using a part-year withholding method, then you will consider her 4 moths salary as the annual salary while filing completing a W-4.

[@andrewtyme8420]

@@KatieStOresCFPChFCEA Thank you Katie..just in time for Tax season!!!

[@j-flashm297]

So this is for the higher paying job, what about the spouses w4 if they’re the one that makes less? They just fill out sections 1 and 5 and that’s it? Or would they select the dependent also and put the $2000.

[@KatieStOresCFPChFCEA]

[4:58pm PST] @TaxesbyKatie.com Hello J-flash, For the lower-earning spouse, it's sufficient to complete Steps 1 and 5 only, without claiming a dependent. It really depends on the income level. It could be a lower-earning spouse that makes $25,000 or $120,000.

[@jessicaescobar1031]

Thank you! One question, just want to clarify that if you only complete step 1 and step 5 then they will deduct whatever is standard for your wages correct? Also if we do not put the $6,000 in step 3 for the 3 dependent children does that mean they will defect more and we might have a refund at the end of the year?

[@KatieStOresCFPChFCEA]

Hello Jessica, Yes, that is basically correct. If you want to see how it would effect everything, try using 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

[@nated4949]

First off thank you for this fantastic video! I have a question about using the chart on page 4. Lets say both my spouse and I max our 401ks. Do I adjust the income amount based what’s taxable? Or just use total income? I hope that makes sense

[@KatieStOresCFPChFCEA]

[4:18pm PST] @TaxesbyKatie.com Hello Nate, You use Gross income. Otherwise you'd be calculating withholding from income that already has withholding. If that makes sense.

[@nated4949]

@@KatieStOresCFPChFCEA perfect thanks so much

[@crystalnavarro8012]

Hello Katie, you probably already answered this but I just want to double check. I will start a new job soon, my husband earns more...do I mandatory have to fill out 4c?

[@KatieStOresCFPChFCEA]

[9:32am PST] @TaxesbyKatie.com Hello Crystal, Only two Steps are mandatory, 1 and 5. Step 4 is optional, you don't have to do 4(c) if you don't want to.

[@torojon25]

Hi Katie, I'm confused on step 4 (C) $321. Is this the amount that is going to be withheld each pay period from now on your paycheck?

[@KatieStOresCFPChFCEA]

[2:34pm PST] @TaxesbyKatie.com Hello Toro, You have to use multiple jobs worksheet 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. , try using the IRS tax withholding estimator (just recently updated). Here's the link. www.irs.gov/individuals/tax-withholding-estimator Better to take a few minutes now to make sure then to get a big tax bill when you file your taxes.

[@SD-co9xe]

How does your working spouse fill out his w-4 if you completed the multiple jobs worksheet and put addt'l w/h on line 4c . Does he include -0- on line 4c?

[@KatieStOresCFPChFCEA]

[10:31am PST] @SaintOres.com Hello SD, The IRS advises that the worksheet should be completed by only one of a married couple, the one with the higher-paying job, to end up with the most accurate withholding. Hence, the lowest earning spouse will include zero on line 4C or just disregard this section.

[@rothfam55]

Katie, great video. Thanks for posting it. I currently have 3 withholding submitted on the old form in 2017. I no longer have dependents. If i just fill out step 1 (married filing jointly) and 5, will the 3 withholding be dropped to 1 or even 0 thus more taxes being pulled from my pay?

[@KatieStOresCFPChFCEA]

[9:42am PST] @TaxesbyKatie.com Hey Roth, Yes, if you just fill out steps 1 and 5, your dependents will be "dropped" from your W-4 and more taxes will be withheld from your paycheck

[@memorico01]

@@KatieStOresCFPChFCEA if I do the same filing single, will my paystub show 1 (claiming myself) or 0 dependents?

[@KatieStOresCFPChFCEA]

Hey Mazinger, If you are single, you can just fill out Steps 1 and 5. Your withholding will be computed based on your filing status's standard deduction and tax rates, with no other adjustments. You can't claim yourself- the allowances have been eliminated with the new W-4 form.

[@memorico01]

@@KatieStOresCFPChFCEA thanks for replying. So, if I wanted my withholding to be less, I would have to add a dependent on step 3? (1x$500)

[@KatieStOresCFPChFCEA]

@@memorico01 Yes, as long as you have a dependent. If you want to play with the W4, try using the IRS tax with holding estimator. You can mess around with everything and it will show you how it changes the result. Here's a link to a video I did on it if you are interested. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@kevinduncan4073]

Are pretax retirement account contributions accounted for on the W4? If so, where?

[@KatieStOresCFPChFCEA]

[4:43pm PST] @SaintOres.com Hey Kevin, If you contribute to your employer’s 401(k) pre-tax plan, your take-home pay is affected since 401(k) contributions are paycheck deductions. You not going to see anything on your W-4 for that.

[@betty13231]

Thank you !

[@KatieStOresCFPChFCEA]

Thanks Bea, and you're welcome!

[@wesmurphy3872]

Hi Katie! I’m getting a few different answers. I’m recently married and need to change my W4. I makes more than She does and she will be starting a new job in the next two weeks so I don’t have exact numbers. Would I just fill out 1 & 5 on her W4 and calculate extra deductions on my W4 so we don’t withhold too much? Thank you!

[@KatieStOresCFPChFCEA]

[11:01pm PST] @SaintOres.com Hello Wes, Your spouse can complete Steps 1 and 5 for now. She can always adjust her W-4 anytime during the year. For the most accurate results, use the IRS withholding tax estimator to determine extra withholding 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

[@huhwhat6887]

So these numbers are used by irs to calculate your possible income tax return? And do those number/info effect the taxes that are taken from your paychecks?

[@KatieStOresCFPChFCEA]

[10:11am PST] @SaintOres.com Hello Huh, The W-4 helps your employer compute the amount of federal income tax to deduct and withhold from your paycheck.