Wondering if anyone can help me out on my W-4 withholding. Am married with 1 child (4 years old)
My salary = $137,000 with ~$25k bonus : wife is making $115,000. We live in NY (not NYC). Always confused on what I should choose for Federal & State withholding (Married filing jointly, filing separately, single or head of household, etc)

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Married filing joint. 2 jobs. Only one of you should indicate the child tax credit.

Can’t help with nys but you’re likely going to be over withheld because of the withholding on the bonus.

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I would just base it on 2 working spouses (if you can manage) and not claim you have a dependent/child on the W-4. Depending on what % your company will withhold on your bonus will dictate if you could possibly under or over withheld. Verify if they w/h based on 40% or at a lower %. Personally I’d rather be under withheld than over but that’s my preference. Hope this helps.

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How do you make this much money and not know this? Depending on what you choose can have different outcomes.

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