Skip to main content
May 24, 2023
Question

W-4 multiple incomes

  • May 24, 2023
  • 2 replies
  • 0 views

My husband and I both got raises last year and I also have a pension from a previous job. I'm having trouble figuring how to fill out the W-4's for each.

    2 replies

    srubino
    May 24, 2023

    Hello, please see below link for assisting to your withholding.  Hope this helps

     

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

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    HirschCPA
    May 24, 2023

    Firstly, congratulations on the raises!

     

    It is important to inform all payroll systems that you have multiple income sources and how much is being earned outside of each respective payroll.  When completing the W4, there is a section called "Step 2: Multiple Jobs or Spouse Works".  This is where you will tell your respective payrolls of the addition earned income.  This will have the payroll systems look at your aggregate income and calculate your expected tax brackets in order to more accurately withhold.  I would also recommend you complete Form W-4P so your payer can withhold the correct amount of federal income tax from your pension as well.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"