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Old 02-09-2020, 08:16 AM
 
155 posts, read 402,388 times
Reputation: 149

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Hi, I'm trying to think ahead on this so I don't get a big tax bill in 2021 but I'm not sure of the best course of action. My wife and I are separated and will be divorced this year, most likely in April or May. I am concerned about my tax withholdings for 2021. I know they will have to be changed, but when will this be done? At the moment, I feel like they are quite low, and if I maintain "married" on my W4 until the divorce is finalized mid-year, I might owe a lot in 2021. Is there any reason I can't change update my W4 now, before the divorce is finalized? Or do I have to wait? Does the IRS take into account when the divorce occurs? I'm just at a bit of a loss on this. Thanks for any help.
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Old 02-09-2020, 08:48 AM
 
Location: OH>IL>CO>CT
5,979 posts, read 9,628,209 times
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You can submit a new W-4 to your employer at any time for any reason.

Also, the IRS has changed the W-4 form. It no longer use "allowances", instead uses actual dollar amounts.
See https://www.irs.gov/pub/irs-pdf/fw4.pdf for the new form.

Also the IRS has an on-line calculator that can prepare a new W-4 for you based on wage and other info you give it.

https://www.irs.gov/individuals/tax-...ding-estimator

BTW, if you are legally separated, the IRS already considers you as Single for the whole year.
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Old 02-09-2020, 03:28 PM
 
Location: Florida
5,148 posts, read 4,514,797 times
Reputation: 5300
Your tax status at the end of the year will be single. That is how you will file the whole year.
You can change your W4 to single now. Best to do now.
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