Edit: You all turned tears of frustration into tears of relief tonight, literally. This momma needed a breakthrough and I came to the right place. THANK YOU BRILLIANT & GENEROUS MINDS OF REDDIT!
This feels so convoluted and confusing and I am absolutely desperate for help so I really appreciate any input here. Obviously I don't expect actual legal advice but any guidance would be amazing. We live in Oregon and I am struggling to determine how to accurately fill out our state & federal W4 forms. We plan to file jointly. We have one dependent daughter. Our total combined income will come in at less than $70k.
My husband and I got married in May. Prior to that I worked two part-time jobs, earning a total of less than $6k. We were unmarried when I worked those jobs, I have not worked a regular job since we got married. On those W4 forms I claimed only myself, single, no additional deductions or withholdings. I paid expected taxes from each check received. At the end of September I started an LLC which will come in at a loss by the end of the year. In 2023 I will likely make less than $6k again, this time it will all come from this LLC.
We just got around (to attempting) to updating my husband's W4. Up until this point he has filed as head of household with our daughter as his dependent. He also has medical insurance and retirement contributions withheld, in case that matters. My understanding is we are required to now complete a new W4 as "married, filing jointly." I am struggling with how to accurately complete steps 2 and 4 on the federal w4, and, frankly, I am bamboozled by the Oregon w4 completely. I don't really understand how to properly record my 2022 income on these forms, as it all seems to create a situation where he is having additional withholdings that don't seem applicable.
I can get more specific about our situation if needed. Please don't make me feel like more of an idiot than I already do. Our CPA and my husband's payroll team at his job have been entirely unhelpful and I'm just trying to make sure I do this right.
Edited for clarity.
Submitted October 20, 2022 at 11:27PM by bonzlovesyou https://ift.tt/jfaUl4u
