When you owe more than $1,000 at the end of the year there are two ways to solve the issue and avoid any penalties for underpayment of estimated taxes. You should not be showing any dependents as your income exceeds $200,000 on your W-4. You will also need to put an amount in Step 4 C to have an additional amount withheld. The other option is to make quarterly estimated tax payments. This can be done at IRS.gov or mailing it in with a check with a voucher 1040-es.
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