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    rogerkp123's Avatar
    rogerkp123 Posts: 11, Reputation: 1
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    #1

    Nov 26, 2012, 04:27 PM
    W4 question
    I had some questions regarding filling W4 forms for my wife and me. I tried filling the forms using the instructions, but want to be sure I am doing it correctly.

    I have been working since Jan 2012, however my wife was not working, hence I claimed 3 exemptions in Line H of W4. My wife started working in November 2012. So for this new situation, how many exemptions can I claim and how many can my wife claim in each of our W4 forms?

    I would greatly appreciate if someone could guide me.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Nov 26, 2012, 04:42 PM
    You claim 1, she claims 1. Who's the third? It's not a matter of life and death, but it means less was taken out and you may owe more than you were planning to pay.
    rogerkp123's Avatar
    rogerkp123 Posts: 11, Reputation: 1
    New Member
    		  
    #3

    Nov 26, 2012, 05:17 PM
    @joypulv: Thanks for your response.

    As I had mentioned, my wife did not work prior to November 2012. Hence, I could claim a total of 3 exemptions.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Nov 27, 2012, 06:04 AM
    Claiming 3 exemptions is fine if you are married and you plan to file jointly for 2012.

    If you are both working in 2013, however, you will both need to submit new Forms W-4 claiming married status. The obne with the higher salary claims ONE exemption while the lower salary claims ZERO exemptions.

    This is necessary because the first dollar of her salary is probably taxed at 15%, requiring you both over-withhold to compensate.
    rogerkp123's Avatar
    rogerkp123 Posts: 11, Reputation: 1
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    #5

    Nov 27, 2012, 11:56 PM
    @AtlantaTaxExpert: thanks a lot for your extremely helpful answers.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    Nov 28, 2012, 06:09 AM
    Glad to help!
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