Hi Mitc3915, thanks for the questions.
Highly recommend using
IRS Tax Withholding Estimator
https://www.irs.gov/individuals/tax-withholding-estimator
to see how your refund, take-home pay or tax due are affected by withholding amount;
to choose an estimated withholding amount that works for you (a refund approx. $1,500 - $2,000).
Regarding the full time college student (assume your dependent, living at home, supported by you) W-4:
Single dependent filing requirements -
- Unearned income was over $1,100.
- Earned income was over $12,550.
- Gross income was more than the larger of $1,100 or earned income (up to $12,200) plus $350.
If she had no Federal income tax liability in 2021 and she expects to have no Federal income tax liability in 2022, she can write "Exempt" on Form W-4 in the space below Step 4(c).
If she has filing requirement, recommend to use the above Estimator link as well.
Hope the above helps.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
