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How Do I Fill Out My W-4 When My Income Is Chaotic? · Becoming Financially Confident

• 0:37
  You
• 0:37
  just
• 0:37
  got
• 0:38
  married,
• 0:38
  your
• 0:39
  work
• 0:39
  situation
• 0:39
  is
• 0:40
  changing,
• 0:41
  and
• 0:41
  now
• 0:41
  you're
• 0:41
  staring
• 0:42
  at
• 0:42
  a
• 0:42
  W4
• 0:42
  form
• 0:43
  that
• 0:43
  assumes
• 0:43
  you
• 0:43
  got
• 0:44
  one
• 0:44
  job,
• 0:45
  one
• 0:45
  income,
• 0:46
  and
• 0:46
  a
• 0:46
  paycheck
• 0:47
  you
• 0:47
  can
• 0:47
  actually
• 0:47
  predict.
• 0:48
  But
• 0:49
  that's
• 0:49
  not
• 0:49
  your
• 0:49
  life
• 0:49
  right
• 0:49
  now,
• 0:50
  is
• 0:50
  it?
• 0:50
  You've
• 0:51
  got
• 0:51
  a
• 0:51
  job
• 0:51
  ending
• 0:52
  in
• 0:52
  August,
• 0:52
  another
• 0:53
  one
• 0:53
  starting
• 0:54
  in
• 0:54
  August,
• 0:54
  but
• 0:54
  no
• 0:55
  paycheck
• 0:55
  until
• 0:55
  September.
• 0:56
  You
• 0:57
  got
• 0:57
  an
• 0:57
  hourly
• 0:58
  summer
• 0:58
  gig,
• 0:58
  and
• 0:59
  your
• 0:59
  husband
• 0:59
  has
• 0:59
  two
• 1:00
  jobs
• 1:00
  on
• 1:00
  his
• 1:00
  own.
• 1:01
  So
• 1:02
  how
• 1:02
  do
• 1:02
  you
• 1:02
  fill
• 1:02
  out
• 1:02
  a
• 1:03
  W4
• 1:03
  when
• 1:03
  you
• 1:03
  don't
• 1:04
  even
• 1:04
  know
• 1:04
  your
• 1:04
  full
• 1:05
  income
• 1:05
  yet?
• 1:06
  That's
• 1:06
  what
• 1:06
  we're
• 1:07
  breaking
• 1:07
  down
• 1:07
  on
• 1:07
  today's
• 1:08
  show.
• 1:17
  Very
• 1:17
  practical
• 1:18
  discussion
• 1:18
  today.
• 1:19
  Hello
• 1:20
  and
• 1:20
  welcome
• 1:20
  to
• 1:21
  Financially
• 1:21
  Confident
• 1:22
  Christian.
• 1:23
  Today
• 1:23
  we're
• 1:23
  going
• 1:23
  to
• 1:24
  talk
• 1:24
  about
• 1:24
  that
• 1:24
  W4
• 1:25
  form
• 1:25
  and
• 1:26
  what
• 1:26
  to
• 1:26
  do
• 1:26
  when
• 1:27
  life
• 1:27
  makes
• 1:27
  it
• 1:27
  complicated.
• 1:29
  Because
• 1:29
  maybe
• 1:29
  you
• 1:29
  just
• 1:30
  got
• 1:30
  married,
• 1:30
  you
• 1:31
  got
• 1:31
  a
• 1:31
  work
• 1:31
  situation
• 1:32
  that's
• 1:32
  in
• 1:32
  flux,
• 1:33
  or
• 1:33
  your
• 1:33
  withholding
• 1:34
  needs
• 1:34
  updating
• 1:35
  before
• 1:35
  it
• 1:35
  gets
• 1:35
  messier.
• 1:38
  The
• 1:38
  form
• 1:38
  itself
• 1:39
  isn't
• 1:39
  hard.
• 1:40
  Knowing
• 1:40
  what
• 1:40
  to
• 1:40
  put
• 1:41
  with
• 1:41
  multiple
• 1:41
  jobs
• 1:42
  and
• 1:42
  uncertain
• 1:43
  income
• 1:43
  is
• 1:43
  the
• 1:44
  real
• 1:44
  challenge.
• 1:45
  Maybe
• 1:45
  you've
• 1:45
  got
• 1:46
  a
• 1:46
  question
• 1:46
  of
• 1:46
  yours
• 1:47
  as
• 1:47
  well.
• 1:47
  You
• 1:47
  can
• 1:47
  send
• 1:48
  me
• 1:48
  your
• 1:48
  question
• 1:48
  by
• 1:48
  going
• 1:49
  to
• 1:49
  financiallyconfidentchristian.com/question
• 1:53
  We'll
• 1:54
  put
• 1:54
  a
• 1:54
  link
• 1:54
  in
• 1:54
  the
• 1:54
  show
• 1:54
  notes,
• 1:55
  but
• 1:55
  again,
• 1:55
  that's
• 1:55
  financiallyconfidentchristian.com/question.
• 1:58
  Well,
• 2:00
  let's
• 2:00
  get
• 2:01
  right
• 2:01
  to
• 2:01
  today's
• 2:01
  listener
• 2:02
  question.
• 2:03
  Hi
• 2:03
  Ralph,
• 2:04
  I'm
• 2:04
  completely
• 2:05
  lost
• 2:05
  on
• 2:05
  how
• 2:06
  to
• 2:06
  fill
• 2:06
  out
• 2:06
  my
• 2:06
  W4,
• 2:07
  and
• 2:07
  I'm
• 2:08
  hoping
• 2:08
  you
• 2:08
  can
• 2:08
  help
• 2:08
  me
• 2:09
  figure
• 2:09
  this
• 2:09
  out.
• 2:10
  I
• 2:10
  just
• 2:10
  got
• 2:10
  married
• 2:11
  and
• 2:11
  I
• 2:11
  need
• 2:12
  to
• 2:12
  update
• 2:12
  my
• 2:12
  withholding.
• 2:13
  On
• 2:14
  top
• 2:14
  of
• 2:14
  all
• 2:14
  that,
• 2:15
  my
• 2:15
  work
• 2:15
  situation
• 2:16
  is
• 2:16
  a
• 2:16
  mess
• 2:17
  right
• 2:17
  now.
• 2:18
  I've
• 2:18
  got
• 2:18
  a
• 2:18
  salaried
• 2:19
  job
• 2:19
  that
• 2:19
  ends
• 2:20
  in
• 2:20
  mid
• 2:20
  August
• 2:21
  and
• 2:21
  I'm
• 2:21
  starting
• 2:21
  a
• 2:21
  new
• 2:22
  teaching
• 2:22
  job
• 2:22
  in
• 2:22
  August
• 2:23
  as
• 2:23
  well.
• 2:23
  But
• 2:24
  I
• 2:24
  won't
• 2:24
  get
• 2:24
  my
• 2:24
  first
• 2:24
  paycheck
• 2:25
  until
• 2:25
  September.
• 2:27
  I'm
• 2:27
  also
• 2:27
  working
• 2:27
  an
• 2:28
  hourly
• 2:28
  summer
• 2:29
  job
• 2:29
  that
• 2:29
  I
• 2:29
  just
• 2:29
  started.
• 2:30
  My
• 2:31
  husband
• 2:31
  has
• 2:31
  a
• 2:31
  salary
• 2:32
  job
• 2:32
  he'll
• 2:33
  be
• 2:33
  at
• 2:33
  all
• 2:33
  year
• 2:34
  and
• 2:34
  an
• 2:34
  hourly
• 2:35
  job
• 2:35
  he'll
• 2:36
  work
• 2:36
  a
• 2:36
  rear
• 2:36
  round
• 2:37
  two.
• 2:38
  So
• 2:38
  between
• 2:38
  the
• 2:38
  two
• 2:39
  of
• 2:39
  us,
• 2:39
  we're
• 2:39
  juggling
• 2:40
  three
• 2:40
  jobs
• 2:41
  this
• 2:41
  year.
• 2:42
  Every
• 2:42
  website
• 2:42
  I've
• 2:43
  looked
• 2:43
  at
• 2:43
  just
• 2:43
  says
• 2:44
  fill
• 2:44
  it
• 2:44
  out
• 2:44
  and
• 2:44
  don't
• 2:45
  get
• 2:45
  it
• 2:45
  wrong,
• 2:46
  which
• 2:47
  really
• 2:47
  isn't
• 2:47
  helpful.
• 2:48
  How
• 2:48
  do
• 2:48
  we
• 2:48
  figure
• 2:49
  out
• 2:49
  the
• 2:49
  right
• 2:49
  withholding
• 2:50
  when
• 2:50
  we
• 2:50
  have
• 2:50
  many
• 2:51
  moving
• 2:51
  pieces
• 2:52
  and
• 2:52
  I
• 2:52
  don't
• 2:53
  even
• 2:53
  have
• 2:53
  a
• 2:53
  paycheck
• 2:53
  from
• 2:54
  my
• 2:54
  new
• 2:54
  job
• 2:54
  yet?
• 2:55
  Any
• 2:56
  guidance
• 2:56
  would
• 2:56
  be
• 2:56
  really
• 2:57
  appreciated.
• 2:57
  Thank
• 2:58
  you,
• 2:58
  Ralph.
• 2:59
  You
• 2:59
  know
• 2:59
  what?
• 2:59
  The
• 2:59
  truth
• 2:59
  is,
• 3:00
  these
• 3:00
  W4
• 3:00
  forms
• 3:01
  are
• 3:01
  complicated.
• 3:02
  In
• 3:02
  the
• 3:03
  last
• 3:03
  few
• 3:03
  years,
• 3:03
  they've
• 3:03
  got
• 3:04
  even
• 3:04
  worse.
• 3:05
  But
• 3:05
  the
• 3:06
  W4
• 3:06
  form
• 3:07
  isn't
• 3:07
  a
• 3:07
  test
• 3:07
  that
• 3:07
  you
• 3:08
  fail.
• 3:08
  Listen,
• 3:09
  it's
• 3:09
  just
• 3:09
  a
• 3:10
  tool
• 3:10
  to
• 3:10
  help
• 3:10
  you
• 3:11
  adjust.
• 3:12
  Use
• 3:12
  the
• 3:13
  best
• 3:13
  information
• 3:13
  you
• 3:14
  have
• 3:14
  and
• 3:15
  update
• 3:15
  it
• 3:15
  when
• 3:15
  things
• 3:16
  change.
• 3:16
  But
• 3:16
  let's
• 3:17
  get
• 3:17
  into
• 3:17
  some
• 3:18
  specifics.
• 3:19
  Let's
• 3:19
  talk
• 3:19
  about
• 3:19
  the
• 3:20
  W4
• 3:20
  form
• 3:21
  and
• 3:21
  let's
• 3:22
  make
• 3:22
  today
• 3:23
  work.
• 3:23
  A
• 3:24
  W4
• 3:24
  form
• 3:25
  is
• 3:25
  nothing
• 3:26
  more
• 3:26
  than
• 3:26
  telling
• 3:26
  your
• 3:27
  employer
• 3:27
  how
• 3:28
  much
• 3:28
  federal
• 3:28
  tax
• 3:29
  to
• 3:29
  withhold
• 3:29
  per
• 3:30
  each
• 3:30
  paycheck.
• 3:31
  It's
• 3:32
  really
• 3:32
  not
• 3:32
  that
• 3:32
  complicated.
• 3:33
  The
• 3:34
  goal
• 3:34
  of
• 3:34
  it
• 3:34
  is
• 3:35
  to
• 3:35
  get
• 3:35
  close
• 3:35
  to
• 3:35
  your
• 3:36
  actual
• 3:36
  tax
• 3:36
  liability
• 3:37
  so
• 3:38
  you
• 3:38
  don't
• 3:38
  have
• 3:38
  some
• 3:38
  huge
• 3:39
  tax
• 3:39
  bill
• 3:40
  or
• 3:40
  some
• 3:40
  big
• 3:40
  refund
• 3:41
  come
• 3:41
  April.
• 3:42
  It's
• 3:42
  just
• 3:43
  an
• 3:43
  estimate.
• 3:44
  So
• 3:44
  many
• 3:44
  people
• 3:44
  don't
• 3:45
  think.
• 3:45
  They
• 3:45
  think,
• 3:45
  well,
• 3:45
  this
• 3:46
  is
• 3:46
  professional
• 3:46
  government
• 3:47
  form.
• 3:47
  I
• 3:48
  can't
• 3:48
  make
• 3:48
  a
• 3:48
  mistake
• 3:49
  on
• 3:49
  it.
• 3:50
  It's
• 3:50
  an
• 3:50
  estimate.
• 3:51
  It's
• 3:52
  not
• 3:52
  permanent.
• 3:53
  And
• 3:53
  you
• 3:53
  can
• 3:53
  update
• 3:54
  it
• 3:54
  anytime
• 3:55
  life
• 3:55
  changes.
• 3:56
  You
• 3:56
  mentioned
• 3:56
  you
• 3:56
  got
• 3:56
  married.
• 3:57
  That's
• 3:58
  a
• 3:58
  time
• 3:58
  to
• 3:58
  change
• 3:58
  it.
• 3:59
  Maybe
• 3:59
  you
• 3:59
  just
• 3:59
  got
• 4:00
  your
• 4:00
  taxes
• 4:00
  done
• 4:00
  and
• 4:01
  your
• 4:02
  tax
• 4:02
  person
• 4:02
  said,
• 4:02
  hey,
• 4:02
  you
• 4:03
  owe
• 4:03
  a
• 4:03
  lot
• 4:03
  of
• 4:03
  money.
• 4:03
  That's
• 4:04
  a
• 4:04
  time
• 4:04
  to
• 4:04
  change
• 4:04
  it.
• 4:05
  But
• 4:06
  you
• 4:06
  don't
• 4:06
  have
• 4:06
  to
• 4:06
  fill
• 4:06
  out
• 4:07
  every
• 4:07
  section
• 4:07
  on
• 4:07
  the
• 4:08
  form.
• 4:08
  Just
• 4:09
  what
• 4:09
  applies
• 4:10
  to
• 4:10
  you.
• 4:10
  The
• 4:11
  main
• 4:11
  sections
• 4:11
  are
• 4:12
  your
• 4:12
  marital
• 4:12
  status,
• 4:13
  are
• 4:13
  you
• 4:13
  single,
• 4:14
  are
• 4:14
  you
• 4:14
  married,
• 4:15
  are
• 4:15
  you
• 4:15
  married?
• 4:16
  Filing
• 4:16
  single.
• 4:17
  Another
• 4:18
  component
• 4:18
  of
• 4:18
  that
• 4:18
  is
• 4:19
  multiple
• 4:19
  jobs.
• 4:20
  We'll
• 4:20
  talk
• 4:20
  about
• 4:20
  that
• 4:20
  in
• 4:20
  a
• 4:20
  minute.
• 4:21
  If
• 4:21
  you've
• 4:21
  got
• 4:22
  dependents,
• 4:22
  if
• 4:23
  you
• 4:23
  got
• 4:23
  other
• 4:23
  income,
• 4:24
  or
• 4:24
  you
• 4:25
  got
• 4:25
  credits.
• 4:26
  So
• 4:26
  let's
• 4:26
  start
• 4:26
  with
• 4:26
  your
• 4:27
  marital
• 4:27
  status.
• 4:28
  Step
• 4:28
  one
• 4:28
  on
• 4:29
  the
• 4:29
  form
• 4:29
  is
• 4:29
  super
• 4:30
  simple.
• 4:31
  You
• 4:31
  can
• 4:32
  select
• 4:32
  single
• 4:32
  or
• 4:33
  you
• 4:33
  can
• 4:33
  select
• 4:33
  married,
• 4:34
  filing
• 4:34
  jointly,
• 4:35
  or
• 4:35
  you
• 4:35
  can
• 4:35
  select
• 4:36
  married
• 4:37
  but
• 4:37
  withhold
• 4:37
  at
• 4:37
  the
• 4:37
  single
• 4:38
  rate.
• 4:39
  All
• 4:39
  of
• 4:39
  that
• 4:39
  is
• 4:39
  doing
• 4:40
  is
• 4:40
  changing
• 4:41
  the
• 4:41
  tax
• 4:41
  brackets
• 4:42
  so
• 4:42
  that
• 4:42
  your
• 4:43
  employer
• 4:43
  knows
• 4:43
  how
• 4:44
  much
• 4:44
  to
• 4:44
  withhold.
• 4:45
  If
• 4:45
  you're
• 4:46
  still
• 4:46
  on
• 4:46
  a
• 4:46
  single
• 4:47
  W4,
• 4:48
  you're
• 4:48
  probably
• 4:48
  over
• 4:49
  withholding
• 4:49
  at
• 4:49
  this
• 4:49
  point
• 4:50
  if
• 4:50
  you
• 4:50
  just
• 4:51
  got
• 4:51
  married.
• 4:51
  But
• 4:52
  it
• 4:52
  depends
• 4:52
  on
• 4:52
  your
• 4:52
  situation.
• 4:54
  So
• 4:54
  what
• 4:54
  I
• 4:54
  would
• 4:54
  do
• 4:55
  is
• 4:55
  call
• 4:55
  your
• 4:55
  payroll
• 4:56
  people,
• 4:56
  call
• 4:56
  hr,
• 4:57
  tell
• 4:58
  them,
• 4:58
  hey,
• 4:58
  I
• 4:58
  just
• 4:58
  got
• 4:59
  married
• 4:59
  and
• 5:00
  ask
• 5:00
  them
• 5:00
  to
• 5:00
  update
• 5:01
  your
• 5:01
  W4
• 5:01
  form.
• 5:02
  It'll
• 5:02
  take
• 5:02
  five
• 5:02
  minutes.
• 5:03
  They've
• 5:04
  done
• 5:04
  that
• 5:04
  same
• 5:05
  thing
• 5:05
  hundreds
• 5:06
  or
• 5:06
  thousands
• 5:07
  of
• 5:07
  times
• 5:07
  now.
• 5:07
  If
• 5:08
  you're
• 5:08
  really
• 5:08
  confused
• 5:08
  by
• 5:09
  it,
• 5:09
  you
• 5:09
  can
• 5:09
  reach
• 5:09
  out
• 5:10
  to
• 5:10
  somebody
• 5:10
  like
• 5:10
  me,
• 5:11
  pay
• 5:11
  for
• 5:11
  a
• 5:11
  consultation
• 5:12
  or,
• 5:13
  or
• 5:13
  IRS
• 5:14
  actually
• 5:14
  has
• 5:14
  a
• 5:15
  pretty
• 5:15
  good
• 5:16
  W4
• 5:16
  calculator.
• 5:17
  You
• 5:17
  can
• 5:18
  get
• 5:18
  that
• 5:18
  by
• 5:18
  going
• 5:18
  to
• 5:18
  irs.gov
• 5:20
  and
• 5:20
  it's
• 5:20
  really
• 5:20
  better
• 5:20
  than
• 5:21
  most
• 5:21
  of
• 5:21
  the
• 5:21
  third
• 5:21
  party
• 5:21
  ones
• 5:22
  I've
• 5:22
  seen.
• 5:23
  Again,
• 5:23
  the
• 5:24
  W4
• 5:24
  is
• 5:25
  not
• 5:25
  this
• 5:25
  one
• 5:25
  time
• 5:26
  commitment.
• 5:26
  It's
• 5:27
  not
• 5:27
  like
• 5:27
  a
• 5:27
  tablet
• 5:28
  you
• 5:28
  chisel
• 5:28
  with
• 5:29
  stone.
• 5:30
  It's
• 5:30
  a
• 5:30
  living
• 5:31
  document
• 5:32
  that
• 5:32
  changes.
• 5:33
  You
• 5:33
  don't
• 5:34
  need
• 5:34
  all
• 5:34
  the
• 5:34
  answers
• 5:35
  to
• 5:35
  take
• 5:35
  the
• 5:35
  next
• 5:35
  right
• 5:36
  step.
• 5:36
  Now
• 5:37
  here's
• 5:37
  one
• 5:37
  of
• 5:37
  the
• 5:37
  things
• 5:37
  that
• 5:38
  makes
• 5:38
  it
• 5:38
  complicated,
• 5:40
  multiple
• 5:40
  jobs
• 5:41
  you
• 5:41
  mentioned
• 5:41
  already,
• 5:42
  you've
• 5:43
  got,
• 5:43
  you're
• 5:43
  moving
• 5:43
  from
• 5:43
  job
• 5:44
  A
• 5:44
  to
• 5:44
  job
• 5:44
  B
• 5:45
  and
• 5:45
  you've
• 5:45
  got
• 5:45
  a
• 5:46
  side
• 5:46
  job.
• 5:46
  Your
• 5:46
  husband
• 5:47
  has
• 5:47
  a
• 5:47
  job
• 5:48
  and
• 5:48
  a
• 5:48
  side
• 5:48
  job.
• 5:49
  The
• 5:49
  problem
• 5:50
  with
• 5:50
  that
• 5:50
  is
• 5:50
  each
• 5:51
  employer
• 5:51
  withholds
• 5:52
  based
• 5:52
  on
• 5:52
  their
• 5:53
  job.
• 5:53
  They're
• 5:53
  looking
• 5:53
  at
• 5:54
  not
• 5:55
  all
• 5:55
  the
• 5:55
  jobs
• 5:55
  combined.
• 5:56
  So
• 5:56
  what
• 5:56
  you
• 5:56
  could
• 5:56
  effectively
• 5:57
  have
• 5:57
  is
• 5:58
  more
• 5:58
  income
• 5:58
  putting
• 5:59
  you
• 5:59
  into
• 5:59
  a
• 5:59
  higher
• 5:59
  tax
• 6:00
  bracket
• 6:01
  that
• 6:01
  can
• 6:01
  cause
• 6:01
  under
• 6:02
  withholding.
• 6:03
  That's
• 6:03
  where
• 6:03
  this
• 6:04
  multiple
• 6:04
  job
• 6:04
  worksheet
• 6:05
  on,
• 6:05
  on
• 6:06
  the
• 6:06
  back
• 6:06
  of
• 6:06
  the
• 6:06
  EW4
• 6:07
  can
• 6:07
  help
• 6:07
  you.
• 6:07
  But
• 6:08
  I'm
• 6:08
  going
• 6:08
  to
• 6:08
  be
• 6:08
  blunt
• 6:08
  with
• 6:08
  you
• 6:09
  as
• 6:09
  a
• 6:09
  professional.
• 6:11
  Sometimes
• 6:11
  it's
• 6:12
  simpler
• 6:12
  to
• 6:12
  just
• 6:12
  make
• 6:13
  sure
• 6:13
  you
• 6:13
  set
• 6:13
  the
• 6:13
  withholding
• 6:14
  on
• 6:14
  your
• 6:14
  main
• 6:15
  job
• 6:15
  to
• 6:15
  where
• 6:15
  you
• 6:15
  want
• 6:15
  it
• 6:16
  to
• 6:16
  be.
• 6:16
  And
• 6:16
  then
• 6:17
  for
• 6:17
  everything
• 6:17
  else,
• 6:18
  just
• 6:18
  mark
• 6:18
  it
• 6:19
  zero.
• 6:19
  That
• 6:20
  means
• 6:20
  they're
• 6:20
  going
• 6:20
  to
• 6:20
  withhold
• 6:21
  the
• 6:21
  max
• 6:21
  even
• 6:21
  if
• 6:21
  you're
• 6:22
  married
• 6:22
  market
• 6:23
  single
• 6:23
  zero.
• 6:24
  Yes,
• 6:24
  they're
• 6:25
  going
• 6:25
  to
• 6:25
  withhold
• 6:25
  more,
• 6:25
  but
• 6:26
  you're
• 6:26
  not
• 6:26
  going
• 6:26
  to
• 6:26
  get
• 6:27
  yourself
• 6:27
  in
• 6:27
  trouble.
• 6:28
  But
• 6:28
  maybe
• 6:28
  that's
• 6:29
  not
• 6:29
  even
• 6:29
  enough.
• 6:30
  Some
• 6:30
  of
• 6:30
  my
• 6:30
  clients,
• 6:31
  and
• 6:31
  like
• 6:31
  I
• 6:31
  said,
• 6:31
  I've
• 6:31
  been
• 6:32
  doing
• 6:32
  this
• 6:32
  for
• 6:32
  30
• 6:32
  plus
• 6:33
  years,
• 6:33
  you
• 6:34
  got
• 6:34
  to
• 6:34
  add
• 6:34
  some
• 6:34
  additional
• 6:35
  withholding.
• 6:35
  Maybe
• 6:36
  your
• 6:36
  tax
• 6:36
  preparer
• 6:37
  or
• 6:37
  somebody
• 6:37
  says,
• 6:37
  hey,
• 6:38
  add
• 6:38
  another
• 6:38
  $50
• 6:39
  per
• 6:39
  pay
• 6:39
  in
• 6:40
  federal
• 6:40
  withholding
• 6:40
  or
• 6:41
  $100
• 6:42
  of
• 6:42
  pay.
• 6:44
  If
• 6:44
  you
• 6:44
  know
• 6:44
  what
• 6:45
  that
• 6:45
  is.
• 6:45
  You
• 6:45
  can
• 6:45
  adjust
• 6:46
  that,
• 6:47
  but
• 6:47
  you
• 6:47
  don't
• 6:47
  want
• 6:48
  to
• 6:48
  claim
• 6:48
  full
• 6:48
  allowances
• 6:49
  on
• 6:49
  every
• 6:49
  job
• 6:49
  because
• 6:49
  that's
• 6:50
  going
• 6:50
  to
• 6:50
  lead
• 6:50
  to
• 6:50
  a
• 6:50
  tax
• 6:50
  bill,
• 6:52
  that
• 6:52
  one.
• 6:52
  Why
• 6:53
  step
• 6:53
  this
• 6:53
  week
• 6:53
  beats
• 6:54
  another
• 6:54
  week
• 6:54
  of
• 6:54
  avoidance?
• 6:56
  Here's
• 6:56
  the
• 6:57
  thing
• 6:57
  you
• 6:57
  can
• 6:57
  do.
• 6:57
  Estimate
• 6:58
  what
• 6:58
  you
• 6:58
  don't
• 6:59
  know
• 6:59
  yet.
• 7:00
  Plan
• 7:00
  to
• 7:00
  revisit
• 7:01
  it
• 7:01
  in
• 7:01
  September.
• 7:01
  What
• 7:02
  you
• 7:02
  said
• 7:02
  is,
• 7:02
  Ralph,
• 7:03
  I'm
• 7:03
  starting
• 7:03
  a
• 7:03
  new
• 7:04
  job
• 7:04
  in
• 7:04
  August.
• 7:05
  I
• 7:05
  don't
• 7:05
  know
• 7:05
  what
• 7:05
  this
• 7:06
  is
• 7:06
  going
• 7:06
  to
• 7:06
  look
• 7:06
  like.
• 7:07
  Don't
• 7:07
  stress
• 7:08
  about
• 7:08
  it.
• 7:08
  Once
• 7:08
  you
• 7:09
  get
• 7:09
  your
• 7:09
  new
• 7:09
  paycheck,
• 7:10
  take
• 7:10
  a
• 7:10
  look
• 7:10
  at
• 7:11
  it.
• 7:11
  It
• 7:11
  might
• 7:12
  be
• 7:12
  perfect.
• 7:13
  Don't
• 7:13
  need
• 7:13
  to
• 7:13
  change
• 7:13
  anything.
• 7:14
  If
• 7:14
  you
• 7:15
  do
• 7:15
  need
• 7:15
  to
• 7:15
  change
• 7:15
  it,
• 7:16
  then
• 7:16
  go
• 7:16
  back
• 7:16
  and
• 7:17
  change
• 7:17
  it.
• 7:17
  Then
• 7:17
  it's
• 7:18
  not
• 7:18
  a
• 7:18
  big
• 7:18
  deal.
• 7:19
  Estimate
• 7:20
  the
• 7:20
  summer
• 7:20
  job
• 7:21
  hours,
• 7:21
  think
• 7:21
  about
• 7:22
  how
• 7:22
  much
• 7:22
  income
• 7:22
  you're
• 7:23
  going
• 7:23
  to
• 7:23
  make.
• 7:23
  Sit
• 7:24
  down
• 7:24
  with
• 7:24
  your
• 7:24
  husband
• 7:25
  and
• 7:25
  put
• 7:25
  all
• 7:25
  these
• 7:25
  things
• 7:25
  together.
• 7:26
  Because
• 7:26
  that's
• 7:26
  the
• 7:26
  other
• 7:26
  side
• 7:27
  of
• 7:27
  this.
• 7:27
  If
• 7:27
  you
• 7:27
  just
• 7:27
  got
• 7:28
  married,
• 7:29
  you're
• 7:29
  going
• 7:29
  to
• 7:29
  probably
• 7:29
  be
• 7:30
  filing
• 7:30
  a
• 7:30
  joint
• 7:30
  tax
• 7:31
  return.
• 7:32
  That
• 7:32
  is
• 7:33
  the
• 7:33
  information
• 7:33
  that
• 7:34
  goes
• 7:34
  into
• 7:34
  the
• 7:34
  IRS
• 7:35
  calculator.
• 7:36
  Like
• 7:36
  I
• 7:36
  said,
• 7:36
  it's
• 7:37
  an
• 7:37
  informed
• 7:37
  estimate,
• 7:38
  but
• 7:38
  it's
• 7:38
  an
• 7:38
  estimate.
• 7:39
  It's
• 7:40
  not
• 7:40
  something
• 7:40
  that's
• 7:40
  carved
• 7:41
  into
• 7:41
  stone.
• 7:41
  It's
• 7:42
  not
• 7:42
  some
• 7:42
  blind
• 7:42
  guess
• 7:43
  either.
• 7:44
  So
• 7:44
  fill
• 7:44
  out
• 7:45
  the
• 7:45
  W4
• 7:45
  now.
• 7:46
  With
• 7:46
  that
• 7:46
  estimate.
• 7:47
  But
• 7:48
  set
• 7:48
  a
• 7:48
  reminder
• 7:48
  for
• 7:48
  yourself
• 7:49
  in
• 7:49
  September
• 7:50
  or
• 7:50
  October,
• 7:50
  if
• 7:50
  you
• 7:51
  visit
• 7:51
  that
• 7:51
  by
• 7:52
  then
• 7:52
  you're
• 7:52
  going
• 7:52
  to
• 7:52
  have
• 7:52
  real
• 7:53
  paychecks
• 7:53
  from
• 7:53
  your
• 7:54
  teaching
• 7:54
  job.
• 7:54
  You.
• 7:55
  You
• 7:55
  can
• 7:55
  run
• 7:55
  the
• 7:55
  calculator
• 7:56
  again
• 7:56
  with
• 7:56
  actual
• 7:57
  numbers.
• 7:57
  This
• 7:57
  is
• 7:58
  the
• 7:58
  thing
• 7:58
  we
• 7:58
  do
• 7:58
  for
• 7:58
  our
• 7:58
  clients.
• 7:59
  In
• 8:00
  September,
• 8:00
  October,
• 8:01
  we
• 8:01
  take
• 8:01
  a
• 8:02
  look
• 8:02
  at,
• 8:02
  well,
• 8:02
  what
• 8:02
  if
• 8:02
  we
• 8:02
  filed
• 8:03
  your
• 8:03
  return
• 8:03
  right
• 8:04
  now?
• 8:04
  That
• 8:04
  way
• 8:05
  you
• 8:05
  don't
• 8:05
  have
• 8:05
  a
• 8:05
  big
• 8:06
  surprise.
• 8:07
  This
• 8:07
  is
• 8:07
  a
• 8:07
  great
• 8:07
  time
• 8:08
  to
• 8:08
  have
• 8:08
  that
• 8:08
  money
• 8:08
  meeting
• 8:09
  with
• 8:09
  your
• 8:09
  husband.
• 8:10
  Update
• 8:10
  both
• 8:10
  of
• 8:10
  your
• 8:11
  W4s
• 8:11
  together.
• 8:11
  Unfortunately,
• 8:12
  this
• 8:12
  is
• 8:12
  a
• 8:13
  thing
• 8:13
  I
• 8:13
  see
• 8:13
  causing
• 8:14
  a
• 8:14
  lot
• 8:14
  of
• 8:14
  stress
• 8:14
  sometimes
• 8:15
  in
• 8:15
  a
• 8:15
  relationship.
• 8:16
  I've
• 8:16
  had
• 8:17
  many
• 8:17
  clients
• 8:17
  where
• 8:18
  the
• 8:18
  husband
• 8:18
  said
• 8:18
  his
• 8:19
  W2
• 8:19
  or
• 8:19
  W4
• 8:20
  correctly
• 8:20
  and
• 8:21
  the
• 8:21
  wife
• 8:21
  didn't.
• 8:21
  And
• 8:22
  every.
• 8:22
  Every
• 8:22
  year
• 8:22
  they
• 8:22
  owe
• 8:23
  money.
• 8:23
  They
• 8:23
  sit
• 8:24
  down
• 8:24
  in
• 8:24
  my
• 8:24
  office
• 8:24
  and
• 8:25
  it's
• 8:25
  like
• 8:25
  a
• 8:25
  battle
• 8:26
  because
• 8:26
  one
• 8:26
  of
• 8:26
  them
• 8:26
  looks
• 8:27
  at
• 8:27
  the
• 8:27
  other
• 8:27
  and
• 8:27
  says,
• 8:27
  I
• 8:27
  thought
• 8:28
  you
• 8:28
  were
• 8:28
  going
• 8:28
  to
• 8:28
  change
• 8:28
  your
• 8:28
  W4.
• 8:29
  I
• 8:29
  thought
• 8:30
  you
• 8:30
  did
• 8:30
  change
• 8:30
  a
• 8:30
  W4.
• 8:32
  The
• 8:32
  problem
• 8:32
  is
• 8:32
  they
• 8:32
  still
• 8:33
  haven't
• 8:33
  made
• 8:33
  any
• 8:33
  corrections.
• 8:35
  So
• 8:35
  build
• 8:36
  a
• 8:36
  system
• 8:36
  that
• 8:37
  works.
• 8:38
  Because
• 8:38
  money
• 8:38
  is
• 8:39
  emotional
• 8:40
  before
• 8:40
  it's
• 8:41
  mathematical.
• 8:41
  Let's
• 8:41
  cut
• 8:42
  down
• 8:42
  the
• 8:42
  emotion.
• 8:43
  But
• 8:43
  I
• 8:43
  want
• 8:44
  to
• 8:44
  speak
• 8:44
  to
• 8:44
  something
• 8:44
  underneath
• 8:45
  this
• 8:45
  question.
• 8:46
  When
• 8:47
  you're
• 8:47
  juggling
• 8:47
  multiple
• 8:48
  jobs,
• 8:49
  when
• 8:49
  you're
• 8:49
  transitioning
• 8:50
  between
• 8:50
  employers
• 8:51
  and
• 8:51
  you're
• 8:52
  trying
• 8:52
  to
• 8:52
  figure
• 8:52
  out
• 8:52
  taxes
• 8:53
  before
• 8:53
  you
• 8:53
  even
• 8:54
  have
• 8:54
  a
• 8:54
  paycheck,
• 8:55
  it
• 8:55
  can
• 8:56
  feel
• 8:56
  like
• 8:56
  you're
• 8:56
  doing
• 8:56
  something
• 8:57
  wrong.
• 8:58
  Like
• 8:58
  you
• 8:58
  should
• 8:58
  have
• 8:58
  all
• 8:59
  the
• 8:59
  answers
• 8:59
  by
• 8:59
  now.
• 9:01
  But,
• 9:01
  friend,
• 9:01
  that's
• 9:02
  not
• 9:02
  how
• 9:02
  real
• 9:02
  life
• 9:02
  works.
• 9:04
  Life
• 9:04
  is
• 9:04
  messy,
• 9:05
  income
• 9:06
  is
• 9:06
  uncertain,
• 9:07
  and
• 9:07
  circumstances
• 9:08
  change.
• 9:10
  Being
• 9:10
  faithful
• 9:11
  doesn't
• 9:11
  mean
• 9:11
  having
• 9:11
  all
• 9:12
  the
• 9:12
  answers
• 9:12
  up
• 9:13
  front.
• 9:14
  It
• 9:14
  means
• 9:14
  making
• 9:15
  the
• 9:15
  best
• 9:15
  decision
• 9:15
  you
• 9:16
  can
• 9:16
  with
• 9:16
  what
• 9:16
  you
• 9:16
  have
• 9:17
  right
• 9:17
  now
• 9:17
  and.
• 9:18
  And
• 9:18
  then
• 9:18
  adjusting
• 9:19
  when
• 9:19
  you
• 9:19
  know
• 9:19
  more.
• 9:20
  That's
• 9:21
  not
• 9:21
  a
• 9:21
  failure.
• 9:23
  That's
• 9:23
  living
• 9:23
  in
• 9:24
  wisdom.
• 9:25
  You're
• 9:25
  not
• 9:25
  supposed
• 9:26
  to
• 9:26
  get
• 9:26
  your
• 9:26
  W4
• 9:27
  perfect
• 9:27
  on
• 9:27
  the
• 9:27
  first
• 9:27
  try.
• 9:28
  Let
• 9:28
  me
• 9:28
  tell
• 9:28
  you
• 9:28
  right
• 9:28
  now,
• 9:28
  that
• 9:28
  form
• 9:29
  is
• 9:29
  confusing,
• 9:30
  but
• 9:30
  you're
• 9:31
  supposed
• 9:31
  to
• 9:31
  get
• 9:31
  it
• 9:32
  close.
• 9:32
  You're
• 9:33
  supposed
• 9:33
  to
• 9:33
  stay
• 9:33
  honest
• 9:34
  with
• 9:34
  the
• 9:34
  IRS
• 9:35
  and
• 9:35
  then
• 9:35
  update
• 9:36
  it
• 9:36
  when
• 9:36
  things
• 9:36
  changed.
• 9:38
  Because
• 9:38
  God
• 9:38
  sees
• 9:39
  your
• 9:39
  effort,
• 9:39
  he
• 9:40
  honors
• 9:40
  your
• 9:41
  integrity,
• 9:42
  and
• 9:42
  he
• 9:42
  isn't
• 9:43
  angry
• 9:43
  at
• 9:43
  you
• 9:43
  for
• 9:43
  needing
• 9:44
  to
• 9:44
  adjust
• 9:44
  it
• 9:44
  later.
• 9:45
  That's
• 9:45
  okay.
• 9:47
  You
• 9:47
  don't
• 9:47
  have
• 9:47
  to
• 9:47
  have
• 9:48
  your
• 9:48
  whole
• 9:48
  year
• 9:48
  figured
• 9:49
  out
• 9:49
  to
• 9:50
  take
• 9:50
  that
• 9:50
  next
• 9:50
  right
• 9:50
  step.
• 9:51
  So
• 9:51
  here's
• 9:52
  your
• 9:52
  win
• 9:52
  for
• 9:52
  today.
• 9:52
  And
• 9:52
  this
• 9:53
  is
• 9:53
  for
• 9:53
  anybody
• 9:53
  who
• 9:54
  is
• 9:54
  working
• 9:54
  a
• 9:54
  traditional
• 9:55
  W2
• 9:56
  job.
• 9:57
  Update
• 9:57
  your
• 9:57
  W4
• 9:58
  to
• 9:59
  change
• 9:59
  it
• 9:59
  if
• 9:59
  your
• 10:00
  circumstances
• 10:00
  have
• 10:01
  changed.
• 10:02
  Make
• 10:02
  sure
• 10:03
  you're
• 10:03
  not
• 10:03
  over
• 10:03
  withholding
• 10:04
  or
• 10:04
  under
• 10:04
  withholding.
• 10:05
  Yeah,
• 10:05
  it's
• 10:05
  not
• 10:06
  great
• 10:06
  to
• 10:06
  get
• 10:06
  a
• 10:06
  big
• 10:06
  refund.
• 10:07
  It
• 10:07
  feels
• 10:07
  nice.
• 10:08
  But
• 10:08
  the
• 10:08
  IRS
• 10:09
  has
• 10:09
  used
• 10:09
  your
• 10:09
  money
• 10:10
  on
• 10:10
  its
• 10:10
  own
• 10:10
  and
• 10:11
  you're
• 10:11
  not
• 10:11
  getting
• 10:11
  any
• 10:11
  interest
• 10:12
  on
• 10:12
  that.
• 10:13
  And
• 10:13
  revisit
• 10:13
  this
• 10:13
  once
• 10:14
  you
• 10:14
  have
• 10:14
  any
• 10:14
  changes
• 10:15
  in
• 10:15
  your
• 10:15
  income.
• 10:16
  You're
• 10:16
  not
• 10:16
  trying
• 10:16
  to
• 10:17
  solve
• 10:17
  everything
• 10:17
  today.
• 10:18
  You're
• 10:18
  doing
• 10:18
  the
• 10:19
  next
• 10:19
  right
• 10:19
  thing
• 10:20
  and
• 10:20
  then
• 10:20
  putting
• 10:21
  that
• 10:21
  together
• 10:21
  later
• 10:22
  on.
• 10:22
  Let's
• 10:23
  get
• 10:23
  to
• 10:23
  our
• 10:23
  Bible
• 10:23
  verse
• 10:23
  today
• 10:24
  comes
• 10:24
  to
• 10:24
  us
• 10:25
  from
• 10:25
  Proverbs
• 10:25
  chapter
• 10:26
  21,
• 10:26
  verse
• 10:27
  5.
• 10:27
  I've
• 10:28
  used
• 10:28
  this
• 10:28
  on
• 10:28
  the
• 10:28
  show
• 10:29
  probably
• 10:29
  a
• 10:29
  hundred
• 10:29
  times,
• 10:30
  but
• 10:30
  it's
• 10:31
  perfect.
• 10:31
  It
• 10:32
  says
• 10:32
  this
• 10:33
  the
• 10:33
  plans
• 10:33
  of
• 10:33
  the
• 10:34
  diligent
• 10:34
  lead
• 10:34
  to
• 10:34
  profit
• 10:35
  as
• 10:35
  surely
• 10:36
  as
• 10:36
  haste
• 10:37
  leads
• 10:37
  to
• 10:37
  loss.
• 10:39
  It's
• 10:39
  not
• 10:39
  about
• 10:40
  moving
• 10:40
  fast,
• 10:41
  it's
• 10:41
  about
• 10:41
  moving
• 10:42
  deliberately.
• 10:43
  So
• 10:43
  slow
• 10:44
  down,
• 10:44
  fill
• 10:44
  out
• 10:45
  that
• 10:45
  W4
• 10:45
  as
• 10:46
  best
• 10:46
  you
• 10:46
  can,
• 10:46
  use
• 10:47
  the
• 10:47
  care,
• 10:47
  ask
• 10:48
  the
• 10:48
  questions
• 10:49
  and
• 10:49
  just
• 10:49
  plan
• 10:50
  to
• 10:50
  adjust
• 10:50
  it
• 10:50
  later.
• 10:51
  That's
• 10:51
  doing
• 10:52
  due
• 10:52
  diligence
• 10:53
  and
• 10:53
  that
• 10:54
  protects
• 10:54
  you
• 10:54
  both
• 10:54
  from
• 10:55
  overpaying
• 10:56
  and
• 10:56
  underpaying.
• 10:57
  How
• 10:58
  about
• 10:58
  we
• 10:58
  pray
• 10:58
  together?
• 10:59
  Heavenly
• 11:00
  Father,
• 11:00
  I
• 11:00
  want
• 11:00
  to
• 11:01
  pray
• 11:01
  for
• 11:01
  this
• 11:01
  listener
• 11:01
  and
• 11:02
  her
• 11:02
  husband
• 11:02
  as
• 11:02
  they
• 11:03
  navigate
• 11:03
  multiple
• 11:03
  jobs,
• 11:05
  changing
• 11:05
  circumstances
• 11:06
  and
• 11:07
  a
• 11:07
  new
• 11:07
  marriage
• 11:07
  paperwork
• 11:08
  all
• 11:08
  at
• 11:08
  once.
• 11:08
  You
• 11:09
  got
• 11:09
  a
• 11:09
  lot
• 11:09
  on
• 11:09
  their
• 11:09
  plea,
• 11:10
  Lord.
• 11:11
  Help
• 11:11
  them
• 11:11
  to
• 11:11
  feel
• 11:12
  less
• 11:12
  overwhelmed
• 11:13
  and
• 11:13
  give
• 11:13
  them
• 11:13
  clarity
• 11:14
  about
• 11:14
  what
• 11:14
  needs
• 11:14
  to
• 11:15
  happen
• 11:15
  first.
• 11:16
  Guide
• 11:16
  them
• 11:17
  as
• 11:17
  they
• 11:17
  fill
• 11:17
  out
• 11:17
  their
• 11:18
  W4
• 11:18
  forms
• 11:19
  and
• 11:19
  help
• 11:19
  them
• 11:19
  to
• 11:19
  be
• 11:20
  honest
• 11:20
  about
• 11:20
  what
• 11:20
  they
• 11:21
  know
• 11:21
  and
• 11:21
  what
• 11:21
  they
• 11:21
  don't
• 11:22
  know
• 11:22
  and
• 11:23
  give
• 11:23
  them
• 11:23
  courage
• 11:23
  to
• 11:24
  update
• 11:24
  it
• 11:24
  when
• 11:24
  things
• 11:25
  change.
• 11:26
  Protect
• 11:26
  them
• 11:26
  from
• 11:27
  penalties
• 11:27
  and
• 11:27
  those
• 11:28
  April
• 11:28
  15th
• 11:29
  surprises
• 11:30
  and
• 11:30
  and
• 11:30
  remind
• 11:30
  them
• 11:30
  that
• 11:31
  managing
• 11:31
  money
• 11:31
  well
• 11:32
  doesn't
• 11:32
  require
• 11:33
  perfection.
• 11:34
  It
• 11:35
  just
• 11:35
  requires
• 11:35
  patience
• 11:36
  and
• 11:37
  a
• 11:37
  willingness
• 11:37
  to
• 11:38
  adjust.
• 11:39
  And
• 11:39
  we
• 11:39
  ask
• 11:39
  this
• 11:40
  in
• 11:40
  Jesus
• 11:40
  name.
• 11:41
  Amen,
• 11:43
  friend.
• 11:43
  You're
• 11:43
  not
• 11:44
  behind
• 11:44
  in
• 11:44
  any
• 11:44
  of
• 11:44
  these
• 11:45
  things.
• 11:45
  You're
• 11:45
  asking
• 11:46
  the
• 11:46
  right
• 11:46
  questions
• 11:47
  and
• 11:47
  that
• 11:47
  counts.
• 11:48
  So
• 11:48
  go
• 11:49
  update
• 11:49
  that
• 11:49
  W4
• 11:50
  to
• 11:50
  the
• 11:50
  best
• 11:51
  of
• 11:51
  your
• 11:51
  ability.
• 11:52
  Use
• 11:52
  that
• 11:52
  multiple
• 11:53
  job
• 11:53
  worksheet
• 11:53
  if
• 11:54
  you
• 11:54
  want
• 11:54
  to
• 11:55
  and
• 11:55
  take
• 11:55
  a
• 11:55
  look
• 11:55
  at
• 11:56
  that
• 11:57
  W4
• 11:58
  estimator@irs.gov
• 12:01
  and
• 12:01
  if
• 12:01
  you've
• 12:01
  got
• 12:01
  a
• 12:01
  question
• 12:02
  for
• 12:02
  this
• 12:02
  show,
• 12:02
  I
• 12:03
  would
• 12:03
  love
• 12:03
  to
• 12:03
  hear
• 12:03
  your
• 12:03
  voice.
• 12:04
  You
• 12:04
  can
• 12:04
  record
• 12:05
  a
• 12:05
  voicemail
• 12:05
  for
• 12:06
  me
• 12:06
  by
• 12:06
  going
• 12:06
  to
• 12:06
  financiallyconfidentchristian.com/voicemail
• 12:11
  we'll
• 12:11
  put
• 12:11
  a
• 12:11
  link
• 12:12
  in
• 12:12
  the
• 12:12
  show
• 12:12
  notes
• 12:12
  and
• 12:12
  you
• 12:12
  just
• 12:13
  got
• 12:13
  to
• 12:13
  click
• 12:13
  on
• 12:13
  it
• 12:13
  and
• 12:14
  then
• 12:14
  tell
• 12:14
  me
• 12:14
  what's
• 12:14
  going
• 12:15
  on.
• 12:15
  I
• 12:15
  would
• 12:15
  love
• 12:16
  to
• 12:16
  hear
• 12:16
  your
• 12:16
  voice
• 12:16
  and
• 12:17
  answer
• 12:17
  your
• 12:17
  question
• 12:18
  again.
• 12:18
  You
• 12:18
  can
• 12:19
  get
• 12:19
  to
• 12:19
  that
• 12:19
  by
• 12:19
  going
• 12:19
  to
• 12:20
  financiallyconfidentchristian.com/voicemail
• 12:24
  thank
• 12:25
  you
• 12:25
  so
• 12:25
  much
• 12:25
  for
• 12:25
  joining
• 12:26
  me
• 12:26
  today.
• 12:27
  Stay
• 12:27
  financially
• 12:28
  savvy.
• 12:28
  May
• 12:28
  God
• 12:29
  bless
• 12:29
  you
• 12:30
  and
• 12:30
  you
• 12:30
  have
• 12:30
  a
• 12:30
  truly
• 12:31
  great
• 12:31
  day
• 12:31
  today.