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Old 11-14-2014, 12:05 AM
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Join Date: Nov 2014
Posts: 3
W-4, Taxes & Dependent

Hello,

1. Got married in Oct 2014
2. Currently we both are working. I have a full-time job and my wife works part-time
3. For tax filing, until last year (2013), my wife has claimed her son as a dependent
4. For 2014 tax filing, my wife prefers to claim her son as a dependent and file the taxes separately
5. In 2015 my wife may find a full-time job and in that case our salaries will be $60,000 for me and $40,000 (approximately) for her

Please let me know:

1. If I have to submit an updated W-4 form to my HR Department for Nov & Dec 2014 payroll deductions. If yes, do I need to enter 0 (Zero) for "C" in form W-4 for Nov & Dec 2014, since my wife prefers to file the taxes separately for 2014

2. If I enter 0 (Zero) for "C" in form W-4, will the deductions (Federal/State tax, FICA etc) remain the same as "Single" status

3. If we decide to do file taxes jointly for 2015, do I have to change W-4 form with a 1 (One) for both "C" and "D" in Jan 2015 or just leave the W-4 form as-is from previous year and make necessary selections in the tax forms while filing the tax return

4. Any suggestions?

Thanks,
SP



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