Hello, I got hit with a very large (for me) tax payment this April. I have one dependent on my W-4. Am I able to claim 0 dependents, and even if I have more kids, still claim 0? That way the government can keep their money and I don’t have to come up with 8k in April that I don’t have.
Will this mess with any child dependent credits? Will the IRS flag me or claim that I have none because of the 0 on my W-4?
Thank you,
Joe
You'll need to sign in or create an account to connect with an expert.
You are free to complete the W-4 any way you’d like. The IRS doesn’t see it. Your employer uses it to determine how much to withhold.
Thank you for your question. Well I am sorry to hear that this happened. You do not have to have any entries in Step 3 of the W-4, and it will not raise any '"red flags" by doing so.
I am concerned though that you owed approximately $8K though and only have one dependent. I would suggest using these two Turbo Tax resources to check the numbers as well:
TurboTax's Tax Caster tax calculator
Hopefully the adjustments will result in a better result with your 2024 tax return. Be well and safe @Joe Joe 1
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.
user17537417318
Returning Member
heroversity
New Member
wallaceysann13
New Member
Cartermom1228
New Member
MUSE2111
New Member
Want a Full Service expert to do your taxes?