Complete this step if you (1) hold more than one job at a time, or (2) are married filing jointly and your spouse also works. The correct amount of withholding depends on income earned from all these jobs.
If there are only two jobs total, you may press this button. Do the same on Form W-4 for the other job. This option is generallly more accurate than (b) if pay at the lower paying job is more than half of the pay at the higher paying job. Otherwise, (b) is more accurate.
If your total income will be $200,000 or less ($400,000 or less if married filing jointly):
How many qualifying children do you have under age 17?
How many qualifying children do you have that are over the age of 17?
4(a)Other Income (not from jobs). If you want tax withheld for other income you expect this year that won't have withholding, enter the amount of other income here. This may include interest, dividends, and retirement.
4(b) Deductions. If you expect to claim deductions other than the standard deduction and want to reduce your withholding, use the Deductions worksheet on page 3 and enter the result here.
4(c) Extra Withholding. Enter any additional tax you want withheld each pay period.
How often do you expect to be paid?
How much do you expect to earn per paycheck?
You must enter in a value greater than 0 to continue!"
Will you have any pre-tax deductions such as Medical, Dental, Vision coming out of your paycheck?
How much will your total pre-tax deductions be?
*Please be advised that Workforce 2080 provides this Federal W-4 Tax estimator to assist employees with estimating their federal taxes based on their elections. Variances and differences are possible between your paycheck and what is captured in this estimator such as additional earnings, missing per-tax deductions, or the tax calculations your company uses. Workforce 2080 assumes no risk with this product, and all decisions made regarding taxes should be made by sole employee. We always recommend speaking with a Tax Accountant if you are not sure what to do for your Federal W-4 tax filing.
Last Updated on 12/19/2024 @ 12:28 AM CDT