In My federal withholding box on my W-2 it says zero and I'm trying to understand. Does that mean I'm going to have to pay...? I do have two dependents, a 17-year-old and a 14-year-old and then I'm going to claim my 19-year-old as well... So what does that mean for me?
You'll need to sign in or create an account to connect with an expert.
If box 2 of the W-2 has $0 or blank then your employer did not withhold any federal taxes from your wages in 2024. This can be caused by how you completed the W-4 that you gave to your employer.
You may or many not owe any federal income taxes on your 2024 tax return. The only way to find out is to complete your tax return using all the forms W-2 and 1099 that you will receive in 2025.
You will not know what it means to you until you enter all of your information into the software. We do not know what you have in box 1---which is really important. If you earned a low amount of income, then the employer did not withhold federal tax, based on the W-4 you provided to them that indicated how many dependents you have and the anticipated child tax credit you may be getting. Enter all of your information including the W-2 exactly as it appears.
Enter your dependents in MY INFO. As for claiming the 19 year old----does the 19 year old meet the criteria to be claimed? The two younger children should make you eligible for the child tax credit. You cannot get the CTC for the 19 year old, but you might be getting a $500 credit for other dependents for the 19 year old.
IRS interview to help determine who can be claimed:
https://www.irs.gov/help/ita/who-can-i-claim-as-a-dependent
WHO CAN I CLAIM AS A DEPENDENT?
You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2024 taxes as long as they meet the following requirements:
Qualifying child
Qualifying relative
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
auntchuck63
New Member
JeanMcClure123
New Member
jhousewright2
New Member
tatana1986
Returning Member
skeeter9000
New Member