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Married, Filing Jointly
Estimated 2001 Income: $68000
Mortgage Interest: $12440
Real Estate Tax: $2131
Exemptions Claimed by both spouses: 2
Dependents claimed: 1
12-month capital gains (loss) claim: ($3000)
Interest gained: $69


Additional information is needed to answer this accurately:

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

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?

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

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.

Ira

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