One method, which works better if things are "usually" the same but which in any case normally keeps your nose clean with the penalties for not withholding enough is to make sure that what is withheld (and any estimated tax quarterly payments, if you do those) adds up to more (but not too much more) than last year's taxes. Use the "additional amount" box on W4 to do that - trying to make anything work with the W4 worksheet is a hopeless waste of time. You don't want a big refund. You don't want a big tax bill. You want to adjust to get as close to no money changing hands in April as possible.
If you, your spouse, or both have jobs with withholding, but also have the quarterly payments, it's worth knowing that you can adjust what's withheld with no penalty - whereas the quarterly payments are supposed to be all the same and they have a penalty if not, best I recall. One year our withholding ended up way light for some reason, and I noticed it about September. We were able to jack it up through December and then put it where it should have been in January, and got enough paid in to avoid the underpayment penalties.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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