A new Form W-4 must be completed each year and provided to your employer. This video covers how to complete a Form W-4 for a married couple where ONE spouse is employed.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. This description includes links to affiliates. I may earn a commission or referral bonus if you use these links to purchase products or services from the providers. Thank you.

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Filling out a Form W-4 can be an intimidating process for anyone, especially when you are a married couple with one job. It can be challenging to determine the correct amount of taxes to withhold from your paycheck as a couple. However, with the right information and tools, you can quickly fill out the Form W-4 and avoid any tax filing errors.

Before filling out the Form W-4, you need to understand why it is essential. The purpose of the Form W-4 is to provide the IRS with information on how much income tax to withhold from your paycheck. The form helps ensure that you are paying the correct amount of taxes throughout the year so that you don’t owe the IRS a large sum of money after filing your taxes.

To fill out the Form W-4 as a married couple with one job, you should follow these steps:

Step 1: Gather the necessary information.

Before filling out the Form W-4, make sure you have your most recent pay stub in hand. You will also need your Social Security numbers, marital status, and the number of allowances you plan to claim.

Step 2: Complete the Personal Allowances Worksheet.

The Personal Allowances Worksheet helps you calculate the number of allowances you can claim on the Form W-4. If you are a married couple with one job and you file taxes jointly, you can claim two allowances. However, if your spouse works, you may need to adjust the number of allowances you claim.

Step 3: Fill out the Form W-4.

Once you have completed the Personal Allowances Worksheet, you can now fill out the Form W-4. On Line 5, enter the total number of allowances you calculated on the Personal Allowances Worksheet. If you want extra taxes withheld from your paycheck, enter the additional amount you want withheld on Line 6. Finally, sign and date the form.

Step 4: Submit the Form W-4 to your employer.

After completing the Form W-4, submit it to your employer. Your employer will use the information you provided to calculate the amount of taxes to withhold from your paycheck. If your tax status changes during the year or you need to adjust your withholdings, you can complete a new Form W-4 at any time.

In conclusion, filling out the Form W-4 may seem daunting, but it is a necessary task to ensure that you are paying the correct amount of taxes throughout the year. As a married couple with one job, following the above steps will help you successfully complete the form and avoid any tax filing errors. Remember to submit a new form if your tax status changes during the year or if you need to adjust your withholdings.