I got married recently and don't know what my spouse and I should claim on our W4?

Answer 1

Claim one depent less on your W-4 than you will claim on your 1040.

Answer 2

If you want to get a bigger income tax refund at the end of the year, claim "0". If you want that money to be doled out, instead, in small sums with each paycheck, claim both of you on the W4. Just a reminder...if you do choose to claim ZERO, you are allowing Uncle Sam to use those tax funds interest-free for the year. It is up to each person what works the best.

Answer 3

I personally claim "o" on my W4, because I like to get a refund, I know that means IRS is making money from us, but I see it this way, i would of never save the money I will be getting a refund for. Since I claim 0 and so does my husband and when we file our return, we have one child we can still claim on our return, we usually get $3K as a refund, which is great because our auto insurance is due for the year in April and our property taxes are due and we full pay both with our income tax refund. If it weren't for our refund I know I would not have the money to full pay both our bills.
So every year I look forward to our IRS tax refund.

Answer 4

You really need to speak with a tax accountant or something. Do you prepare your own taxes?

My husband had no kids nor a house when we got married, so we each filed married at the single rate so MORE taxes would be withheld from our checks in hopes that we'd get a return in April. But we always ended up owing because we had no dependents, no deductions. When I got a part-time job, that took us over our tax bracket and we ended up owing more taxes because again: no dependents, no deductions.

It's hard to find that perfect balance, because everyone's circumstance is different. So depending on what you're trying to do with your circumstance, you need to talk to a professional I think.

As for exemptions, I'd stick to 1 each just to be safe. This seems like an interesting website for you. Or try the IRS website.

Answer 5

If you claim zero, they will hold out more taxes from paycheck, but you might get some back at the end of the year. If you claim 1 or 2, then your paycheck will be a little more, but you may not get anything back, or even owe some at the end of the year.

Answer 6

I claim 0 because more taxes are taken out and it's less likely I have to pay after filing because of claiming 1 or 2. My husband does the same. PLus we then take the return to do something fun for ourselves. A treat for working hard (even though it is what we worked for to get)

Answer 7

The IRS Withholding Calculator is the first link below.

The second link is a spare form. Consider the instructions and table on page 2.

Answer 8

If you want the money now on your check claim 1 or 2, if you want a lump sum when you file your return claim 0. I am not a licensed tax advisor:)

Answer 9

My wife and I have used the Turbo Tax software for the past few years, but our income is maybe a bit more "diversified" than yours, and therefore more complicated. Turbo Tax cost a bit, but you can find it at your local WalMart or Sam's around tax time, and it's very good. But if ya'll's income is simpler, such as with two jobs where you get paid on a regular basis and you have no investments, well, I don't have an answer for you. Sorry. God Bless you.

Answer 10

it depends on both of your income, but on the average, joint married is usually the best,

sorry I was thinking w2, but again it depends on your income, and there are a lot of variables, best ask a professional because the book takes to long to write in here