Recently married. W-4 question

The total tax you and your wife will owe using married filing joint status will probably be less than if you had not married and filed separate returns as single, and it is all but certain that your tax will be less than using married filing separate. However, there is no way to tell what benefit, if any, you will garner without more information. It is possible your combined incomes will push you into a higher tax bracket while your withholding remains in a lower bracket. Thus the increase in net pay could result in you owing tax when you file your returns for 2015 simply because you had less withheld.

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Filing married for two people making similar incomes will usually cause you to have insufficient withholdings.

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Not true if you actually follow the instructions for Form W-4 and complete the worksheets to determine the appropriate amount to have withheld. The problem is that most people do not follow the instructions for households with two wage earners and complete the required worksheets.

What is your goal? Do you want a big refund, would you like to be close to break even, or would you rather owe money at the end of the year? I'm not as good as poodle at this but I would guess with the current information you have given, you would possibly owe a little tax or be about break even at the end of the year.

Personally I think that's a good thing as long as you will not spend the extra money in your bank account if it's there.