So I haven't started my second job just yet, and i (think) have correctly manually calculated my taxable annual and wages income for my first job since i have no pay stubs or my first job w4 to go off of (Which was pretty hard since i'm doing this by myself, and have no prior experience to filing w4s for more than one job), the 2nd job is the same payrate with (assumed) the same hours, is it easier to assume it will be the exact same income as my first job and use the multiple jobs sheet?
Need an answer for I think a simple question
byu/External-Wasabi-3090 intax
Posted by External-Wasabi-3090
1 Comment
if the second job is truly about the same pay rate and similar hours, using the multiple jobs worksheet with a rough “same income” estimate is usually reasonable
the IRS withholding estimator is not expecting perfect predictions especially when you’re starting a new job and don’t have full year numbers yet
the bigger goal is just avoiding being massively under withheld when both jobs are combined
you can also adjust later once you get a few actual paystubs from the second job and see what the real withholding looks like
a lot of people overthink the W4 at first but it’s pretty normal to revisit it once the income becomes more predictable