Category Archives: Form W-4

W-4 Time

Today TaxMama® hears from Bingo1 in the TaxQuips Forum, with this disturbing question. “On the w4 form I believe the amount for line 5 is 2 because my husband is the only one working and I don’t work. I have two kids. Is that correct? My CPA told me I should use 1 on line […]

W-4 When Pregnant

Today TaxMama® hears from Shauna in the TaxQuips Forum, with this news. “I just found out that I was pregnant and my baby is due in October. Would it be smart to add my unborn child to my W-4 now? Also which would I come out better doing, claiming head of household or just single […]

Value of Exemption

Today TaxMama® hears from BBall in the TaxQuips Forum, with a common issue. He is trying to understand whether he should claim zero or 1 on his W-4 – and what affect that will have on his paycheck.

A Lesson from the IRS for Students Starting a Summer Job

Courtesy of the IRS School’s out, but the IRS has another lesson for students who will be starting summer jobs. Summer jobs represent an opportunity for students to learn about the tax system. Not all of the money they earn will be included in their paychecks because their employer must withhold taxes. Here are six […]

Computing Your Own Withholding

Today TaxMama® hears from Brian in the TaxQuips Forum who finally asked the right question. “What I really was asking was, if I take my withholdings up to, say, single and 8 on federal and state for this check only would I get more of the check?”

New Baby New W-4

Today TaxMama hears from Lindsay in the TaxQuips Forum, with the right question at the right time. “I need to find out how to fill out a new W-4 since I recently had a baby. I had a baby in September. I am single, with one job. Should I claim 2 on my W-4, and […]