Am I Understanding Married Filing Jointly W4? : personalfinance

I just started a new job and think I may have filled out my W4 incorrectly. I used the table provided in the W4, found my husband’s (higher) income and followed over to my estimated (lower) income. I divided that number by the number of pay periods he has per year like the instructions said. I then listed that amount as the withholdings on MY W4.

Now that I’m reading about the 2021 form afterward, it sounds like that’s how HIS W4 should be filled out since he’s the higher earner and mine shouldn’t have any federal taxes taken out… “For the highest paying job’s W-4, fill out steps 2 to 4(b) of the W-4. Leave those steps blank on the W-4s for the other jobs.”

Am I understanding correctly? Should Federal taxes only be taken out of his paycheck, not mine? We have to update his W4 as well since we’re newly married and want to be sure we’re doing it right. Thanks!

Source link

Comments (No)

Leave a Reply