Ask Experts Questions for FREE Help !
Ask
    pm2477's Avatar
    pm2477 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 23, 2012, 11:40 AM
    Tax question
    My wife just accepted a new job and will be making 115k a year. I stopped working to go back to school full time. We have 1 child. My question is what should my wife claim on her w4? My biggest concern is that I don't want to owe anything come tax season.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 23, 2012, 12:09 PM
    If you are NOT working, she should file Form w-4 as MARRIED with THREE allowances. That should result in a small refund for you as a family.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #3

    Jul 23, 2012, 12:09 PM
    If she folliows the directions on the W-4 form she will probably end up at 4 allowances (one for her, one for you, one for the child, and one for married filing jointly). If you have substantial child care expenses she may be able to claim 5, but for the first year it's probably advisable to leave it at 4 and see what happens. Then next year she can resubmit an updated form if necessary.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jul 23, 2012, 12:20 PM
    I would normally have advised FOUR allowances, but the OP seemed determined NOT to have to write a check come April 2013, which is why I went with THREE allowances, given the fact that we do NOT know if either HE was working at all in 2012 or if SHE was working prior to this job offer.

    Offering advice in a vacuum of complete knowledge is always a risky proposition, so I erred on the side of caution.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Tax question [ 2 Answers ]

What is the tax percentage on items in Massachusetts?

Tax Question [ 3 Answers ]

If you inherit funds that is in an IRA and the bank sends you a check how do you know how much tax you have to pay on the funds you received?

Tax Question [ 5 Answers ]

Dear AtlantaTaxExpert, I came to the State in 2002 August on F2 Visa; I then changed to H4 Visa in Nov,2002 (because my wife switched from F1->H1 at the same time frame). Later I changed to F1 Visa in Jan. 2004 when myself became a graduate student here. I worked since April 2005 on F1 OPT,...

F1 to J1 tax question [ 10 Answers ]

Hi there.. Profusely thank the forum for the assistance. I changed my visa status from F1 to J1 in June of 2005. I was in F1 status from 2002 to 2005 June. I was employed through the year. My total income on F1 status was 18,000 and on J1 status was 17,500. I have filed 1040NR-EZ forms from...

Tax question [ 3 Answers ]

Hi, I've a question. I came to state on 12/8/2001 and last Oct (2005) started my OPT. And from this Jan, I am charged medicare... etc... I worked at school... my employer said I am no longer NRA... since it's more than 5 years... I am wondering if this is correct... is there any regulation...

View more questions Search