IRS Form W4 adding multiple Jobs FAST in 2023

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  • Опубликовано: 11 дек 2024

Комментарии • 52

  • @Morgan9977
    @Morgan9977 Год назад +12

    Hi. I’m single no dependents …2 jobs and my taxes came back owe $5K 😳😳😳 what am I doing wrong?! This is ridiculous!

  • @DiannaFM
    @DiannaFM 9 месяцев назад +7

    I don’t understand this. It should not be so difficult. We should be able to simply claim how many dependents and be done with it. My daughters shows claiming zero and having $70 a week extra taken out. That is insane. They gave her 24 hours to complete it after she’s already worked there 5 days. She needs to go to a tax specialist for this insanity. It’s only for a $15 an hour job not a rocket scientist

  • @marcanthonyvolpe8327
    @marcanthonyvolpe8327 13 дней назад

    How could I find the standard amount? Because the 2024 withholding calculator doesn’t tell you that number and the other info as in your video.

  • @jennnyfish
    @jennnyfish Год назад +3

    Hi Travis, I am a substitute teacher and I am employed with multiple districts. With that, I have a separate w4 form with each district. I’ve tried using the tax estimator, however my monthly income is inconsistent for each district. Sometimes my monthly income for some districts is $0 because I did not work for them that month. And during summer months, I do not work at all. I cannot find any video or information on how to fill out a w4 form correctly for Substitute Teachers, I would truly appreciate it if you could help us out! Please help!

    • @TravisSickle
      @TravisSickle  Год назад

      best thing to do is estimate. At the end of the day, you're trying to withhold the correct amount of tax for all your income. You can also check it as often as you want to make sure you are on track.

  • @metaltera86
    @metaltera86 Месяц назад

    I just don’t understand the extra withholdings on 2(c). I don’t wanna pay extra in taxes on top of the standard fed rate

  • @TresLeiches
    @TresLeiches 10 месяцев назад

    Besides updating the federal W4 form, do I also need to update my state W4?

  • @foodiegrl
    @foodiegrl 10 месяцев назад

    I filled out the online calculator and the Projected amount owed is a negative number. I’m trying to fill out my W4 for a second job that will be part time. When I scroll down, there is no Standard Withholding Amount number under “How to adjust your withholdings...” I’m so confused on what to do…please help!

  • @breeshelton6894
    @breeshelton6894 Год назад +1

    I keep getting 0 as projected amount owed when I do the estimated calculation on the IRS.
    i’m head of household with 2 dependents and now 3 jobs.
    it automatically says put 0 on line 3
    it projected i will owe . and i owed last year 4k because my 2nd job didn’t take out any taxes.
    is something wrong that i’m filling out

  • @rpk5250
    @rpk5250 Год назад +1

    Great video. What’s the best way to account for one of the jobs being hourly with sporadic hours and overtime?

    • @TravisSickle
      @TravisSickle  Год назад +1

      Estimate the taxes for the taxable year. The actual tax withheld will vary depending on the size of the check.

  • @brittanymatthews9352
    @brittanymatthews9352 10 месяцев назад

    Hello! I file single. I have a FT32 job and just got a part time job in about November of last year. I didn’t know what to choose on my W4 so I left everything about the multiple jobs alone. I’m trying to research, but Im still confused. I did the tax withholding estimator, and it says next year I’ll be getting 2,700 back if I leave everything alone. How accurate is that? Usually I get back 1500 from just my one job. I’d like to keep getting a refund. Is it okay to leave my W4s alone? I’m worried about needing to pay at tax time.

  • @TheMottasa
    @TheMottasa 7 месяцев назад

    So what about a part time job that has pay periods but not defined hours ie: sometimes 20 hours worked, sometimes 10, sometimes none? Would I go and take the prior years average?

    • @TravisSickle
      @TravisSickle  7 месяцев назад

      It's tricky, you can estimate but also check it. I have videos on how to check it too.

  • @gerryortiz7276
    @gerryortiz7276 7 месяцев назад

    Why does the estimator keep saying for me to put 7941 in step 3 if I don’t have any dependents ??

    • @TravisSickle
      @TravisSickle  7 месяцев назад

      It's not only for dependents. It's a poorly written form. It should just say tax credits and deductions.

  • @nah82201
    @nah82201 Год назад

    Why would I mark as being married with multiple jobs? It increase tax withholding yes? Assuming the withholding is semi-accurate, this would lead to a refund situation yes?
    What about where the spouse is self employed and makes estimated payments; should you take multiple jobs or no?

    • @TravisSickle
      @TravisSickle  Год назад

      skip that, use the online estimator.

  • @DoctorDayWalker503
    @DoctorDayWalker503 Год назад +1

    I have 3 jobs, two of them amount to about 500$ a month. One job is about 30,000$ a year. How do i fill out my w4. Please help lol

    • @MoKushion
      @MoKushion Год назад

      This is my question, too, lol. I just got hired for a 3rd job and never even knew I had to add my other jobs until today. 😩

    • @DoctorDayWalker503
      @DoctorDayWalker503 Год назад

      @@MoKushion in lines like 2a 2b 2c, 3 and 4 is where you input your income data from multiple jobs. Match uo the total amounts from the graph the irs gives you on the w4 sheets

    • @TravisSickle
      @TravisSickle  Год назад

      no that is wrong.

    • @TravisSickle
      @TravisSickle  Год назад

      use this video as a guide.

  • @pdurkim
    @pdurkim Год назад

    I’m starting a new job but still getting severance pay from my previous job until August. How does this work out on my new job’s W4?

  • @adairebaltzer3561
    @adairebaltzer3561 Год назад

    What advice do you have for a job with a base salary plus commission? The IRS calculator says we are overpaying but the past two years we have ended up owing thousands of dollars. I tried accounting for the commission (married filing jointly) in the calculator and it still says we are overpaying. Two jobs, one with commission. Both salary.

  • @ilyaw.3081
    @ilyaw.3081 Год назад

    I just got a letter from the IRS that we are not eligible for the 2022 child tax credit. They say we made an error on our Schedule 8812. We filed with Turbo Tax. We both make under 200K and our child is a toddler. I called the IRS and the IRS lady could not understand what was wrong. She said everything was completed correctly. Have you had this happen to you clients?

    • @TravisSickle
      @TravisSickle  Год назад

      haven't seen that issue. If they said there was no issues when you called in then respond to the letter. They do make mistakes....often.

    • @ilyaw.3081
      @ilyaw.3081 Год назад

      @@TravisSickle I followed up with the IRS and it was their error. We got the child tax credit. Thank you for the reply.

  • @sameekshavaity8896
    @sameekshavaity8896 Год назад

    I filled the w4 incorrectly for the multiple jobs data and now I owe taxes. Is there a way to correct that ? Amendments?

  • @angelicagalvez-ui3rh
    @angelicagalvez-ui3rh 11 месяцев назад

    PLEASE HELPP!! I am a single not married or kids and i need a step by step walkthrough, I plan on having 3 jobs 2 of them haven’t got paid from them yet and 1 i have started for a couple months. I am located in minnesota

  • @Randomuniverse-qn6cc
    @Randomuniverse-qn6cc Год назад

    What if your second job is a gig like uber?

  • @Bere1311
    @Bere1311 Год назад

    I’m trying to do exactly what you are explaining and I love how clear and straightforward you are but I have one thing I’m insure about. I’m about to start my job as a teacher in August. My husband already has his w4 submitted and would rather not mess with his and just put my form in adjusted to not owe taxes at the end. Well I entered all my husbands info and my projected salary, and the online estimator says I’ll be getting a refund. Perfect. But it says online: happy with these results don’t do anything. So I’m confused I can’t do anything because I have to submit my w4. So do I put zeros all the way down? Or fill out with the calculations and the child tax credits or what do I do? I have to submit something.

    • @TravisSickle
      @TravisSickle  Год назад

      Did you put the start date as a future date or just put zero withholdings for yourself?

    • @Bere1311
      @Bere1311 Год назад

      @@TravisSickle I put a future date in the online calculator and still says don’t do anything if I’m happy with a projected refund but at this point I’m going to move the desired refund amount to something we like and resubmit both of our w4s. I called the irs but they said no one is qualified to help fill out the form. It’s an IRS form! But after seeing your videos and some comments I think I somewhat understand

  • @ericpeterson4398
    @ericpeterson4398 Год назад

    The online makes mid-year adjustments which isn't apples to apples with the first two methods.

    • @TravisSickle
      @TravisSickle  Год назад

      It should all work out to the same math.

  • @TheMrHolmes
    @TheMrHolmes Год назад

    this tool looks great but it doesn't work... I won't even let me fill out the first page and i go around in circles

    • @TravisSickle
      @TravisSickle  Год назад

      Hmmmm…I just checked it out and it’s fine. I haven’t heard an issue like that before. Maybe try another browser.

    • @TheMrHolmes
      @TheMrHolmes Год назад

      @@TravisSickle alright I’ll give that a go, thanks

  • @bittahxpupil
    @bittahxpupil 6 месяцев назад +1

    I just feel to illiterate to understand this stuff

  • @DiannaFM
    @DiannaFM 9 месяцев назад

    What I did is Opted to skip the step and not do it.

  • @Mojo-pl3oj
    @Mojo-pl3oj Год назад +1

    Seems pointless to even get a second job

  • @riffsontwowheels
    @riffsontwowheels Месяц назад

    I do not get it because you are explaining it to yourself and we are dummies which is why we are here