I married in middle of year 2007 (May 2007), but i forgot to send updated W4 form to my employer, because of which more tax was withheld. What do i have to do to get tax excemptions from may 2007 when my status changed from single to married. Can I send a new W4 to my employer in Dec 2007 and still claim benefits since May 2007.
2007-12-14 01:27:32 · 4 answers · asked by prasrob 1 in Business & Finance ➔ Taxes ➔ United States
File the tax retun as Married Joint. The fact that you didn't change the w-4 during the year, simply means that you may be able to recieve a larger refund when you file. Best thing I would suggest is that you take your last December check stub and your spouses as well, to your local H&R block and find out the
"guesstimate" of your refund. There are a few options for filing like this in addition to Married/Joint, you can also file as head of household and bumb the refund a little higher in your favor.
Congratulations!
2007-12-14 01:36:45 · answer #1 · answered by aylatroy 4 · 1⤊ 3⤋
Yes.
Just fill out a new W4 for next year and then file for your 2007 taxes as a marries couple. If you overpaid you will get the money back.
2007-12-14 09:36:39 · answer #2 · answered by Carl W 4 · 1⤊ 1⤋
No, you can't back-date a W-4. Just update it now. It doesn't change the final amount of tax you owe - just means you'll get a larger refund on your return.
2007-12-14 10:37:42 · answer #3 · answered by npk 7 · 2⤊ 0⤋
You won't get the money in your paycheck retroactively, but if you overpaid, you'll get the extra refunded when you file your tax return.
2007-12-14 14:28:50 · answer #4 · answered by Judy 7 · 2⤊ 0⤋