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Old 08-22-2016, 06:08 PM
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Smile Help with W-4 Withholding

I am starting a part time job in September & need some help with filling out my W-4 forms for federal & state of VA. My husband will claim me & children on his Federal & State returns. How should I complete my own federal and state W-4 forms?? Do I file as "Married, but withhold at higher single rate"? And How many allowances can I claim if any for federal? And how many exemptions to claim on my VA-4 form??
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Old 08-24-2016, 11:26 AM
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I am starting a part time job in September & need some help with filling out my W-4 forms for federal & state of VA. My husband will claim me & children on his Federal & State returns. How should I complete my own federal and state W-4 forms??==========>>
Basically,your spouse can not claim you as his dependent; You can claim any number of allowances on your W4 depending how much or how little taxes you want taken out of your paycheck. It would be hard for anyone here to give you the amount you should claim since what you claim on your W4 affects how much taxes are taken out of each paycheck, the more allowances have less taxes taken out, less allowances have more taxes taken out. What you claim on your W4 is not necessarily what you claim on your tax return (on your tax return you claim exactly the number of people on your return).


Do I file as "Married, but withhold at higher single rate"? ======>it is up to you; you may do it if you want to withhold more taxes; or you do this; since you both work you might want to claim less allowances on one job or both. You want to make sure with both spouses working you won't have a big tax bill when it comes time to file your return. You can use the IRS withholding calculator to determine what you can claim without owing; http://www.irs.gov/Individuals/IRS-W...ing-Calculator

And How many allowances can I claim if any for federal? And how many exemptions to claim on my VA-4 form??=======>As mentioned previously nobody knows how many allowances you need to claim it is up to you; Filling out a W-4 is pretty straightforward when you were single. It gets a bit more complicated when you're married, particularly if you both work. The way you fill out your Form W-4 depends on a number of factors, including whether you will file a joint return, whether you both work, and whether you have more than one job. You'll need to consider whether you will itemize your deductions or claim the standard deduction. It helps to get a copy of a blank W-4 and work on it together. You can always claim one allowance for yourself and another for your spouse. You can claim an additional allowance if your spouse does not work and you don't have a second job, or if the additional job brings no more than $1,500 per year. You can add one allowance for each of your dependents. You can take additional allowances if your combined income is less than $90k and you are eligible to take the child tax credit. Add your allowances and enter the number on Line H of the worksheet. As both you and your spouse work, you'll need to make adjustments to your allowances by filling out the Two-Earners/Multiple Jobs Worksheet on page two of Form W-4. Enter the results from Line H or the worksheet on Form W-4, Line 5.
You may check the amount of your withholdings when you get your next paycheck to make sure your adjustments went through. You can submit an updated W-4 anytime you wish, and as many times as you wish. If you're afraid your employer is still not taking out enough money, request an additional amount to be withheld from each paycheck by completing a new W-4 and requesting the additional amount on Line 6 REMEMBER: The greater the number of allowance you claim, the smaller amount of taxes your employer will withhold. You'll want to be as accurate as possible. If your employer withholds too little, you might be stuck with a big tax bill when you file your returns. You might even get hit with an underpayment penalty. If your employer withholds too much, you'll get a tax refund. Even though a fat refund is nice, it actually represents an interest-free loan to the government. The best course for many married couples is to withhold just enough that you ALMOST break even come tax time(this is not always precisely accurate and easy to break even).



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