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Employee
September 17, 2018
Question

New job increased income

  • September 17, 2018
  • 1 reply
  • 0 views

My wife recently got a new job and it will increase our household income by 95k per year. I currently make 54k per year. We dont have kids living at home and we do ot own the house we live in. No deductions to speak of. How many should we claim and how much additional should we have with held out of her paychecks.  

1 reply

Carl11_2
Employee
September 17, 2018

If you just read the detailed instructions that the employer *SHOULD* have provided with the W-4, this will not be an issue or problem. But it is important that read the instructions - all of them. Now if the employer did not provide you will the detailed instructions, you can get them yourself at https://www.irs.gov/pub/irs-pdf/fw4.pdf