North Carolina Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Should I be filing M/0 on taxes?
After DH and I were married I never changed my deductions for my paychecks. I'm at S/1 I *think*, maybe S/0...but a friend that got married right after we did just told me she is M/0... should I be too? I'm confused!
ETA: We file our taxes jointly.
Re: Should I be filing M/0 on taxes?
Awesome!! Thanks for the help!
What you have withheld from your paycheck (via your W4) has nothing to do with how you actually file your taxes (via your 1040). Like pp said, you can do the withholding calculator on the IRS website to see what that advises. DH and I never changed our withholding when we got married. The single withholding takes out more taxes from your paycheck.
There are basically two schools of thought: 1) have more withheld throughout the year, reduce the risk you'll owe and get it back in the refund or 2) minimize your withholding and have more money in each paycheck, with the risk if you make a mistake, you could owe.
Regardless of how your withholding is calculated, if you're married, you have to file your taxes as married, no matter when during the year you got married.