Married Mid-Year, Tax Liability Now PaidWhy are we not getting a rebate when we declare zero allowances?Tax filing for two states and becoming married mid-yearClaiming Allowances on W4, based on my householdShould I File a W-4 Next Year If I File One In The Middle Of This Year?adjust tax allowancesStudent interest loan deduction during year with residence changePre-Tax Income and Tax LiabilityHow to calculate Two-Earners Worksheet mid-year for W4pass through tax liabilityWhat are the implications of employer increasing allowances on W-4?
Chunk + Enumerate a list of digits
Would the USA be eligible to join the European Union?
What is the farthest a camera can see?
Why aren't rockets built with truss structures inside their fuel & oxidizer tanks to increase structural strength?
Do you "gain" 1st level?
A trip to the library
What is the hottest thing in the universe?
How can I find an old paper when the usual methods fail?
How far did Gandalf and the Balrog drop from the bridge in Moria?
Is there a fallacy about "appeal to 'big words'"?
Word for an event that will likely never happen again
How can God warn people of the upcoming rapture without disrupting society?
What is the most difficult concept to grasp in Calculus 1?
Is this n-speak?
How to prevent criminal gangs from making/buying guns?
Cases with long math equation
What would it take to get a message to another star?
How would you translate this? バタコチーズライス
Locked Room Murder!! How and who?
Why does Japan use the same type of AC power outlet as the US?
How to not forget things?
What are the odds of rolling specific ability score totals in D&D?
How did Arecibo detect methane lakes on Titan, and image Saturn's rings?
Global BGP Routing only by only importing supernet prefixes
Married Mid-Year, Tax Liability Now Paid
Why are we not getting a rebate when we declare zero allowances?Tax filing for two states and becoming married mid-yearClaiming Allowances on W4, based on my householdShould I File a W-4 Next Year If I File One In The Middle Of This Year?adjust tax allowancesStudent interest loan deduction during year with residence changePre-Tax Income and Tax LiabilityHow to calculate Two-Earners Worksheet mid-year for W4pass through tax liabilityWhat are the implications of employer increasing allowances on W-4?
.everyoneloves__top-leaderboard:empty,.everyoneloves__mid-leaderboard:empty,.everyoneloves__bot-mid-leaderboard:empty margin-bottom:0;
I've paid my taxes as single all year, but now I'm married! With this new filing status, my tax liability has decreased, as my wife has both a lower income and a daughter. By my calculations, our tax liability for the year has been paid already.
Can I falsely claim excessive allowances on my W4 so that I do not pay taxes for the rest of the year, or should I just accrue a large refund? We're a bit skittish about "lying" on the W4 and the possibility of owing a large amount at the end of the year if we have miscalculated. Surely I'm not the first person to run into this!
I live in Texas, so I am only worrying about Federal Income Tax.
Thanks!
united-states income-tax form-w-4 marriage
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
add a comment |
I've paid my taxes as single all year, but now I'm married! With this new filing status, my tax liability has decreased, as my wife has both a lower income and a daughter. By my calculations, our tax liability for the year has been paid already.
Can I falsely claim excessive allowances on my W4 so that I do not pay taxes for the rest of the year, or should I just accrue a large refund? We're a bit skittish about "lying" on the W4 and the possibility of owing a large amount at the end of the year if we have miscalculated. Surely I'm not the first person to run into this!
I live in Texas, so I am only worrying about Federal Income Tax.
Thanks!
united-states income-tax form-w-4 marriage
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
I would see what the IRS Withholding Calculator says and submit a new W-4 based on that.
– Eric Andres♦
Aug 2 at 18:41
Submit W4 correctly reflecting your new status and ask if the employer can withhold using 'cumulative wage method' per pub 15A and rp78-8. If so, and your calculation was correct, this will result in zero withholding the rest of this year and automatically resuming correct, or at least near-correct, withholding next year.
– dave_thompson_085
Aug 4 at 23:29
add a comment |
I've paid my taxes as single all year, but now I'm married! With this new filing status, my tax liability has decreased, as my wife has both a lower income and a daughter. By my calculations, our tax liability for the year has been paid already.
Can I falsely claim excessive allowances on my W4 so that I do not pay taxes for the rest of the year, or should I just accrue a large refund? We're a bit skittish about "lying" on the W4 and the possibility of owing a large amount at the end of the year if we have miscalculated. Surely I'm not the first person to run into this!
I live in Texas, so I am only worrying about Federal Income Tax.
Thanks!
united-states income-tax form-w-4 marriage
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
I've paid my taxes as single all year, but now I'm married! With this new filing status, my tax liability has decreased, as my wife has both a lower income and a daughter. By my calculations, our tax liability for the year has been paid already.
Can I falsely claim excessive allowances on my W4 so that I do not pay taxes for the rest of the year, or should I just accrue a large refund? We're a bit skittish about "lying" on the W4 and the possibility of owing a large amount at the end of the year if we have miscalculated. Surely I'm not the first person to run into this!
I live in Texas, so I am only worrying about Federal Income Tax.
Thanks!
united-states income-tax form-w-4 marriage
united-states income-tax form-w-4 marriage
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
edited Aug 2 at 18:48
mhoran_psprep
75.4k8 gold badges103 silver badges194 bronze badges
75.4k8 gold badges103 silver badges194 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
asked Aug 2 at 18:29
Aww_GeezAww_Geez
182 bronze badges
182 bronze badges
I would see what the IRS Withholding Calculator says and submit a new W-4 based on that.
– Eric Andres♦
Aug 2 at 18:41
Submit W4 correctly reflecting your new status and ask if the employer can withhold using 'cumulative wage method' per pub 15A and rp78-8. If so, and your calculation was correct, this will result in zero withholding the rest of this year and automatically resuming correct, or at least near-correct, withholding next year.
– dave_thompson_085
Aug 4 at 23:29
add a comment |
I would see what the IRS Withholding Calculator says and submit a new W-4 based on that.
– Eric Andres♦
Aug 2 at 18:41
Submit W4 correctly reflecting your new status and ask if the employer can withhold using 'cumulative wage method' per pub 15A and rp78-8. If so, and your calculation was correct, this will result in zero withholding the rest of this year and automatically resuming correct, or at least near-correct, withholding next year.
– dave_thompson_085
Aug 4 at 23:29
I would see what the IRS Withholding Calculator says and submit a new W-4 based on that.
– Eric Andres♦
Aug 2 at 18:41
I would see what the IRS Withholding Calculator says and submit a new W-4 based on that.
– Eric Andres♦
Aug 2 at 18:41
Submit W4 correctly reflecting your new status and ask if the employer can withhold using 'cumulative wage method' per pub 15A and rp78-8. If so, and your calculation was correct, this will result in zero withholding the rest of this year and automatically resuming correct, or at least near-correct, withholding next year.
– dave_thompson_085
Aug 4 at 23:29
Submit W4 correctly reflecting your new status and ask if the employer can withhold using 'cumulative wage method' per pub 15A and rp78-8. If so, and your calculation was correct, this will result in zero withholding the rest of this year and automatically resuming correct, or at least near-correct, withholding next year.
– dave_thompson_085
Aug 4 at 23:29
add a comment |
2 Answers
2
active
oldest
votes
In this case, the IRS cares about:
- reasonable tax estimates (that's why they penalize you for underpayment), and
- getting paid on time (thus the payroll withholding).
I would crank up the withholding if you're really sure that you've paid all the taxes. (And don't blame an anonymous Internet stranger if you miscalculated!)
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
1
Accepting answers so quickly is frowned upon, since it doesn't allow time enough for other, possibly better, answers.
– RonJohn
Aug 2 at 19:10
add a comment |
If you claim excessive allowances on your W4, you have to remember to file a new W4 next year with the correct information. If you forget, too little will be withheld and you'll be liable for a large tax bill (and likely penalties) when you file.
If you fill out the W4 with the correct allowance information now, you won't need a new one next year. Do the math on what your withholding would look like for the rest of the year if you filled it out correctly vs if you claimed excessive allowances. Chances are, the difference to your take-home pay isn't significant (ballpark of maybe a few dollars a week, maybe a couple tens of dollars). If you don't absolutely need these dollars now, consider whether getting them now vs getting them in a refund check next year is worth the trouble of filing another new W4 (and the risk outline in the paragraph above if you don't).
Congratulations on your marriage!
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
add a comment |
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
In this case, the IRS cares about:
- reasonable tax estimates (that's why they penalize you for underpayment), and
- getting paid on time (thus the payroll withholding).
I would crank up the withholding if you're really sure that you've paid all the taxes. (And don't blame an anonymous Internet stranger if you miscalculated!)
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
1
Accepting answers so quickly is frowned upon, since it doesn't allow time enough for other, possibly better, answers.
– RonJohn
Aug 2 at 19:10
add a comment |
In this case, the IRS cares about:
- reasonable tax estimates (that's why they penalize you for underpayment), and
- getting paid on time (thus the payroll withholding).
I would crank up the withholding if you're really sure that you've paid all the taxes. (And don't blame an anonymous Internet stranger if you miscalculated!)
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
1
Accepting answers so quickly is frowned upon, since it doesn't allow time enough for other, possibly better, answers.
– RonJohn
Aug 2 at 19:10
add a comment |
In this case, the IRS cares about:
- reasonable tax estimates (that's why they penalize you for underpayment), and
- getting paid on time (thus the payroll withholding).
I would crank up the withholding if you're really sure that you've paid all the taxes. (And don't blame an anonymous Internet stranger if you miscalculated!)
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
In this case, the IRS cares about:
- reasonable tax estimates (that's why they penalize you for underpayment), and
- getting paid on time (thus the payroll withholding).
I would crank up the withholding if you're really sure that you've paid all the taxes. (And don't blame an anonymous Internet stranger if you miscalculated!)
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
answered Aug 2 at 18:45
RonJohnRonJohn
19.6k6 gold badges39 silver badges77 bronze badges
19.6k6 gold badges39 silver badges77 bronze badges
1
Accepting answers so quickly is frowned upon, since it doesn't allow time enough for other, possibly better, answers.
– RonJohn
Aug 2 at 19:10
add a comment |
1
Accepting answers so quickly is frowned upon, since it doesn't allow time enough for other, possibly better, answers.
– RonJohn
Aug 2 at 19:10
1
1
Accepting answers so quickly is frowned upon, since it doesn't allow time enough for other, possibly better, answers.
– RonJohn
Aug 2 at 19:10
Accepting answers so quickly is frowned upon, since it doesn't allow time enough for other, possibly better, answers.
– RonJohn
Aug 2 at 19:10
add a comment |
If you claim excessive allowances on your W4, you have to remember to file a new W4 next year with the correct information. If you forget, too little will be withheld and you'll be liable for a large tax bill (and likely penalties) when you file.
If you fill out the W4 with the correct allowance information now, you won't need a new one next year. Do the math on what your withholding would look like for the rest of the year if you filled it out correctly vs if you claimed excessive allowances. Chances are, the difference to your take-home pay isn't significant (ballpark of maybe a few dollars a week, maybe a couple tens of dollars). If you don't absolutely need these dollars now, consider whether getting them now vs getting them in a refund check next year is worth the trouble of filing another new W4 (and the risk outline in the paragraph above if you don't).
Congratulations on your marriage!
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
add a comment |
If you claim excessive allowances on your W4, you have to remember to file a new W4 next year with the correct information. If you forget, too little will be withheld and you'll be liable for a large tax bill (and likely penalties) when you file.
If you fill out the W4 with the correct allowance information now, you won't need a new one next year. Do the math on what your withholding would look like for the rest of the year if you filled it out correctly vs if you claimed excessive allowances. Chances are, the difference to your take-home pay isn't significant (ballpark of maybe a few dollars a week, maybe a couple tens of dollars). If you don't absolutely need these dollars now, consider whether getting them now vs getting them in a refund check next year is worth the trouble of filing another new W4 (and the risk outline in the paragraph above if you don't).
Congratulations on your marriage!
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
add a comment |
If you claim excessive allowances on your W4, you have to remember to file a new W4 next year with the correct information. If you forget, too little will be withheld and you'll be liable for a large tax bill (and likely penalties) when you file.
If you fill out the W4 with the correct allowance information now, you won't need a new one next year. Do the math on what your withholding would look like for the rest of the year if you filled it out correctly vs if you claimed excessive allowances. Chances are, the difference to your take-home pay isn't significant (ballpark of maybe a few dollars a week, maybe a couple tens of dollars). If you don't absolutely need these dollars now, consider whether getting them now vs getting them in a refund check next year is worth the trouble of filing another new W4 (and the risk outline in the paragraph above if you don't).
Congratulations on your marriage!
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
If you claim excessive allowances on your W4, you have to remember to file a new W4 next year with the correct information. If you forget, too little will be withheld and you'll be liable for a large tax bill (and likely penalties) when you file.
If you fill out the W4 with the correct allowance information now, you won't need a new one next year. Do the math on what your withholding would look like for the rest of the year if you filled it out correctly vs if you claimed excessive allowances. Chances are, the difference to your take-home pay isn't significant (ballpark of maybe a few dollars a week, maybe a couple tens of dollars). If you don't absolutely need these dollars now, consider whether getting them now vs getting them in a refund check next year is worth the trouble of filing another new W4 (and the risk outline in the paragraph above if you don't).
Congratulations on your marriage!
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
answered Aug 2 at 22:19
yoozer8yoozer8
2,4885 gold badges12 silver badges26 bronze badges
2,4885 gold badges12 silver badges26 bronze badges
add a comment |
add a comment |
I would see what the IRS Withholding Calculator says and submit a new W-4 based on that.
– Eric Andres♦
Aug 2 at 18:41
Submit W4 correctly reflecting your new status and ask if the employer can withhold using 'cumulative wage method' per pub 15A and rp78-8. If so, and your calculation was correct, this will result in zero withholding the rest of this year and automatically resuming correct, or at least near-correct, withholding next year.
– dave_thompson_085
Aug 4 at 23:29