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W4


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Posted

Hi Folks,

Just curious, what is the best way to fill W4 for Married filing joining when both husband and spouse are working, please advise. I feel that I am missing something as my deductions are less this year I ended up paying huge amount to IRS.

 

TIA

Posted

Antha generic question nobody can answer unless they know your couple earnings and other details. Better reach out to a tax consultant

Posted

if you want to withhold least now and pay later - select options to withold least (married filing jointly, claim dependents, no extra withholding etc.). monthly chetiki ekkuva vastundi last lo kattlaso ravachu.

Ala kaadu ee month ki aa month kattesta - last lo burden vaddu anukunte withhold more (single, no dependents, extra withholding etc.)

W4 is only for current withholding. It is not end of the tax filing world. 

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