If a husband and wife both work, they must divide their withholding allowances equally on their W-4 Forms.

Question

Quizplus · Accepted Answer

While it is a common misconception that working spouses must divide their withholding allowances equally, this is not true. Each spouse should determine their W-4 allowances based on their own personal circumstances, such as income, deductions, and dependents. It is important to accurately calculate withholding allowances to avoid owing taxes or receiving a large refund at the end of the year.

If a Husband and Wife Both Work, They Must Divide