I suggest that you guys invest in tax software like Turbo Tax. Even if the software is relatively old, you can use it to estimate your tax liability ... say about 1 to 3 years old. Then, divide your tax liability by the number of paychecks that you expect to receive. That figure will represent what you should be withholding from each of your paychecks. Do this for Federal AND State. If your withholdings are too low, then file a new W4 that specifies "an additional amount" to withholding, or you may reduce your allowances, or do a combination of both. When your income changes significantly, estimate again.
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-Bruce
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