I just got married in the state of Virginia and I was wondering do I need to change how my taxes are taken out of my paycheck now?
2007-06-19 04:51:24 · 3 answers · asked by k_immi_e 2 in Business & Finance ➔ Taxes ➔ United States
If you and your husband both work, you should sit down together with a copy of the Form W-4 package -- you can get it at the IRS website -- and use the worksheets on page 2 to determine what your withholding allowances should be. The numbers you come up with will the the total number you should claim between you. If that number is 1, the one with the higher income should claim that with their employer and the other should claim zero.
The withholding tables are skewed towards the single-earner family. That model is out of date today where both parties often work outside the home. If you don't run the numbers for your situation you'll often wind up with a large tax bill at the end of the year.
2007-06-19 04:58:29 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Congratulations on your marries. If the tax in the States are anything like they are hear, then you should let the tax office know and I would think that they will take the tax out of your paycheck.
2007-06-19 12:16:32 · answer #2 · answered by Baz 5 · 0⤊ 1⤋
If you still have your software (assuming you used it) from filing your IRS taxes, plug the info in and reassess. I believe Turbo Tax had a section in it for calculating tax changes.
2007-06-19 11:56:09 · answer #3 · answered by saurus3118 5 · 0⤊ 0⤋