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Author: AliFool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121586  
Subject: Re: Engaged, New Job: How Many Deductions? Date: 2/28/2000 4:52 AM
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Hi there... you said:

Sit down NOW with the W-4 worksheets and pretend you're married. When you marry in 2000, you will be considered married for the entire year for tax purposes. If you have comparable incomes and don't change your withholding now, you could find yourselves severly underwithheld come April 2001. (You've perhaps heard of the "marriage penalty," which you can also read up on in the FAQ.)

And I ask:

So... can I legally say that I "am married" now, for tax purposes? I will be later this year, and I *don't* want to be underwithheld. Nor does my fiance'. I have to turn in my form TOMORROW and we just now started asking for advice about this. I know I can change my W-4 later, but I'd rather do it right the first time. Thanks!

I'm not sure what you mean when you talk about filling out the W-4 worksheet. Do you mean the one I have to turn in to my new employer? Nowhere on that sheet do I see a place where I could potentially figure out how much I would owe.

I have the worst time being able to tell what taxes I'll have to pay, and how much they will take out vs. what I will end up owing or being owed. With the upcoming marriage, this will be harder to do. You'd think that someone with an advanced degree could figure this stuff out relatively quickly, but even as a single person following the typical worksheet, I have been at a loss.

Thanks!

--AF
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