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Okay, last year about this time, I filled out a new W4 form, following the little "two earner" worksheet that's included with the W4 form. Now it's looking like following those directions led us to have far too much money withheld, which we're going to be getting back as soon as we file. So now, I have to fill out a new W4 for this year (and so does [livejournal.com profile] the_gneech). The "two earner" thing still applies, but we're also buying a house, so we're going to be itemizing deductions. I found an online IRS withholding calculator, filled it out with rough estimates of the interest and taxes we'll be paying in the coming year, and got a result.

It says that I should put down 0 allowances, and [livejournal.com profile] the_gneech should put down 6 allowances. God only knows what that equates to in how much they're actually going to withhold. Where the hell do they come up with this stuff? I don't understand at all!

So, we'll just have to submit new W4s later if it looks like the withholding is very far off.

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laurie_robey

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