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Personal Investments • Downside of claiming dependents on W4?

You could fill out your W4 as married without completing "spouse working or multiple incomes" parts - that way the withholding will be set as if yours is the only source of income.

Then, add fixed $ amount as additional withholding to account for your spouse's SE income. Then revise during the year as needed as you get a better picture of how much SE income your spouse earned this year.

Also remember about safe harbors - you only need to withhold enough to reach one.

Statistics: Posted by Hyperchicken — Wed Feb 21, 2024 1:10 pm — Replies 4 — Views 95



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