Ask CPA Sam

Payroll, Tax, Financial and Other Random Discussions

Entries Tagged ‘withholding allowances’

How Much Withholding?

Q. I recently got married in April. My wife is starting her job next week. In the past I have claimed 4 witholdings and usually get around $1,500 -$2,000 back each year. Need  some help in determining if I need to adjust my withholdings… if so … how much. Also… how many withholding should my [...]

A Mountain of Withholding Forms

Q. My paycheck is wildly different each time because I am paid commission in the 2nd check and a draw on the first check of the month.  I submit a new W-4 each period to keep my withholding down.  Now my payroll department doesn’t want to accept more than 1 change each month.  Is this [...]