If I Want My Husband To Withhold Enough Taxes For The Both Of Us....

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • jenboo
    Daycare.com Member
    • Aug 2013
    • 3180

    If I Want My Husband To Withhold Enough Taxes For The Both Of Us....

    What does he need to do?
    I would guesstimate that I'll be making around $40,000 pre tax/deductions (man, wish that was all going in my pocket) and he will be making around 25,000 pre tax and deductions.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    estimated taxes

    Originally posted by jenboo
    What does he need to do?
    I would guesstimate that I'll be making around $40,000 pre tax/deductions (man, wish that was all going in my pocket) and he will be making around 25,000 pre tax and deductions.
    You should withhold $8,000 for your income (20%). If he is self employed he should withhold $5,000. You will also need to withhold state income taxes.
    http://www.tomcopelandblog.com

    Comment

    • Unregistered

      #3
      Originally posted by TomCopeland
      You should withhold $8,000 for your income (20%). If he is self employed he should withhold $5,000. You will also need to withhold state income taxes.
      Thanks. He is not send employed and no state tax here.
      What does he put on the withholding sheet at work. I think it says to put like a 0 or 1 or whatever for independents.... How do we change the amount that gets withheld.

      Comment

      • TomCopeland
        Business Author/Trainer
        • Jun 2010
        • 3062

        #4
        withholding

        Originally posted by Unregistered
        Thanks. He is not send employed and no state tax here.
        What does he put on the withholding sheet at work. I think it says to put like a 0 or 1 or whatever for independents.... How do we change the amount that gets withheld.
        Your husband should ask his employer for a Form W-4 where he can put his withholding information. The employer should be able to give him some advice on how to fill this out. If you want to raise or lower the withheld amount, ask the employer to take out more or less from his paycheck.
        http://www.tomcopelandblog.com

        Comment

        • jenboo
          Daycare.com Member
          • Aug 2013
          • 3180

          #5
          Originally posted by TomCopeland
          Your husband should ask his employer for a Form W-4 where he can put his withholding information. The employer should be able to give him some advice on how to fill this out. If you want to raise or lower the withheld amount, ask the employer to take out more or less from his paycheck.
          Great! Thank you!

          Comment

          Working...