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irasmilo answered:
Additional information is needed to answer this accurately:

1.How much of the estimated 2001 Income (I assume this is wage/salary) is Husband? b. How much is wife? c.How much of each has been earned already?

2. How much income tax has been withheld from husband so far? How much from wife? How much is projected for husband for rest of year?

3.How much state income tax has been/will be withheld?

4. Will there be any childcare expenses?

If you used TurboTax to prepare last year's return, there is a good planning module for w-4 calculations built into it.


1. $43000 is spouse; $25000 is wife (what can I say -- I had a bad year. I'm sure I'm not the only US income earner who was laid off AND had to take three months unpaid medical/maternity leave).
c) $36500 earned already by hub; $21000 by wife;
2. Withheld from hubby: $5000 so far; withheld from wife: $4200; $840 more projected withheld from hubby's salary for rest of year.
3. No state income tax.
4. No childcare expenses for this year.
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