I just recently got married. Is there a way to calculate the difference in my paycheck if I change my taxing profile in my company to reflect that? (I understand that the taxes on salary will be lower).
Thanks.
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I just recently got married. Is there a way to calculate the difference in my paycheck if I change my taxing profile in my company to reflect that? (I understand that the taxes on salary will be lower).
Thanks.
Here's a handy calculator that can answer your question:
Federal State Withholding Calculator
The instructions for the W4 form walk you through the process of determining how many allowances you should claim - this can be tricky if your spouse also works, since together you may now be in a higher tax bracket. See: http://www.irs.gov/pub/irs-pdf/fw4.pdf for instructions.
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