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The Bad Guy
01-27-2009, 12:34 PM
I'm debating whether or not I need to update my W4 form through my employer to reflect my marriage.

We plan on filing jointly this year, but my buddy said it's not a big deal to just leave it as single. Since I'm only staying with my employer another 4 months, what should I do?

Thanks in advance.

Coach
01-27-2009, 12:42 PM
I can probably assist you with this whenever I get home and talk to the wife. She's good at this stuff.

Katipan
01-27-2009, 12:46 PM
If your status changes (like a marriage) the W4 form says you have something like 7-14 days to change your W4.

But I've never heard of anyone getting arrested for neglecting to do so.

cookster50
01-27-2009, 12:48 PM
You'll have people on here say giving the government more money than necessary is the stupidest thing ever, you'll have others say it is nice having a larger tax return. Do whichever argument appeals to you.

Rain Man
01-27-2009, 01:20 PM
Leave it single. If you go with 'married', they won't withhold enough and you'll get killed at 1040 time.

alpha_omega
01-27-2009, 01:21 PM
Leave it single. If you go with 'married', they won't withhold enough and you'll get killed at 1040 time.

Yep.

BigRichard
01-27-2009, 01:42 PM
It doesnt matter what your W4 is set to. That only determines how much they actually take in taxes from your paycheck. It is at the end of the year when you actually file that you have to put your correct status. And depending on what you have on your W4 you end up getting money back or you end up paying out your ass.

Scorp
01-27-2009, 01:45 PM
Leave it single. If you go with 'married', they won't withhold enough and you'll get killed at 1040 time.

Really? I never ran into that.

Coach
01-27-2009, 06:56 PM
I'd leave it single or married and withold at a higher single rate, that is if your wife is working too. Married is more for people who their spouses don't work.