My withholding status has been married with no dependents. If I change my W-4 filing status to single with no dependents, will my take-home pay be increased or decreased?
You have three choices for your W-4 filing status as it relates to your marital status. Each may have a different affect on your withholding status, depending on your situation. Your choices are:
- Married — withholding at higher single rate
If you switch from married to one of the others, your take-home pay will be lower. More is withheld at the single rate.