The best way to understand your tax situation and have a proper W-4 is to utilize the IRS Tool Estimator. This will allow you to understand your tax situation as a whole. This will be helpful to add any additional tax situation you have outside your job(s). When you are done using the tool it will give you a recommended amount to assist you in filling out your W-4 to reduce your tax liability. If you have any other income outside of the withholding to include (self-employment, investment income) you can make quarterly tax deposits to the IRS to cover that income.