Ok I am married with 1 child living with me but my wife makes more money than me what do i claim in my Federal Income Tax Withholding on my check? I don't want uncle SAM asking me to give him more money when February comes around.
2007-08-30 12:46:43 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You should claim Married Filing Single with 1 dependent. Your wife should claim Married Filing Single with 2 dependents.
You might be able to pull off Married Filing Joint, for both of you, but that's a lower deduction rate, and you might need to pay, instead of get a refund, next winter.
2007-08-30 12:52:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You have three exemptions on a joint return, assuming that you can claim your child as a dependent. If the child is under age 17, you will get a child tax credit, so you shouldn't have to worry about owing at tax time if you claim a total of three allowances between you and your wife on your W-4's, split however you want to between the two.
2007-08-30 12:54:13 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
If you make less than $57,000, on W4 you can have Married with 2 allowances, otherwise 1 allowance.
Your wife can have Married with 2 allowances.
2007-08-30 13:41:03 · answer #3 · answered by MukatA 6 · 0⤊ 0⤋
On the back of the W-4 is a worksheet. Fill it out using your wife's and your incomes. It will tell you what to claim and how.
2007-08-30 12:55:59 · answer #4 · answered by shoredude2 7 · 0⤊ 1⤋