Thursday, May 13, 2010

What is married withholding at a higher single rate mean on your W4 form?

That means you are married, but you would like extra witholdings taken out of your paycheck each pay period. If you find that you're often owing money every April 15th, you might want to increase the amount paid throughout the year.What is married withholding at a higher single rate mean on your W4 form?
It means you are married and will get to deduct for two people when you file but you are having taxes taken out like you will have only one deduction. It will give you a higher refund because you are paying in a little extra each week.

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