Question

Can I use the same 2023 W-4 form when I filled it out last November in 2023 for my current job? Because at the time I left it blank for step 2 & 3 for my gig & old job

Forum|Forum|2 years ago
May 2, 2024
2 replies
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Because at the time I left it blank for for step 3 and I didn’t put a check mark for step 2(c) to use the staffing agency that offers side gig as a second multiple job before starting my last job that I lost in March 2024 in November 2023, since I was working at the staffing agency that offers side gig jobs at the time and I was unemployed up to November in 2023? Did I do something incorrect on the 2023 W-4 Form last year? During my current job’s onboarding process, the 2023 W-4 Form appeared and I had to fill that out. But I used the same 2023 W-4 form that include the blank for step 3 and unchecked box for step 2 (c). Did I do that correctly?

TurboTax Online

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xmasbaby0

Employee

Your W-4 does not go to the IRS. It is only given to your employer(s) to tell them how much tax to withhold from your paychecks. You want enough withheld to avoid owing at tax time. If you are satisfied with the way you filled it out in November you can leave it alone. If you want more tax withheld, you can change it and give the employers a new W-4.

https://turbotax.intuit.com/tax-tools/calculators/w4/

https://www.irs.gov/individuals/tax-withholding-estimator

https://www.irs.gov/pub/irs-pdf/fw4.pdf

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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jadaadams44Author

The side gig job is not steady income, I get side gig jobs when I am able to get the different types of jobs from time to time , so how am I supposed to use the Tax Withholding Estimator calculator regarding the first job which is the side gig job and the second job which is my currently job I started a few days ago? Do I use the 2023 w-2 form from the side gig job for the tax withholding estimator calculator ? I am confused. Lastly, so it is optional if I want more tax withheld?

rjs

Employee

It sounds like you should review your W-4 and give your new employer an updated form. You can use the Tax Withholding Estimator on the IRS web site to figure out what you should put on the W-4. It will show you how to adjust your withholding to get the approximate refund amount that you want.

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jadaadams44Author

Hello, I am not sure how to estimate/calculate that.The side gig job is not steady income, I get side gig jobs when I am able to get the different types of jobs from time to time , so how am I supposed to use the Tax Withholding Estimator calculator regarding the first job which is the side gig job and the second job which is my currently job I started a few days ago? Do I use the 2023 w-2 form from the side gig job for the tax withholding estimator calculator ? I am confused. Lastly, so it is optional if I want more tax withheld?

rjs

Employee

@jadaadams44

When you have income that varies, such as your side gig job, all you can do is make your best guess as to how much you will earn for the year. If you think it will be about the same as 2023, you can use that amount. Later in the year, if you find that you are making a lot more than you expected from the side gig job, you could revise your W-4 again.

Yes, it's up to you whether to have more tax withheld. But don't overdo it. Getting a large refund when you file your tax return just means that you gave the government a big interest-free loan. You let them take money out of your pay that you could have used during the year. Ideally you should try to have enough withheld so that you owe only a small amount on your tax return, or get a modest refund. You want to avoid having to pay a penalty for not having enough withheld, but there will be no penalty as long as the amount you owe on your tax return is less than $1,000, or you get a refund.

What xmasbaby0 is trying to tell you is that the IRS is not going to check your W-4 or tell you that you filled it out wrong. The amount of withholding is up to you.

Please note that when multiple people have posted, we can't tell who you are replying to unless you say it in your reply.