How do I adjust my w4's so I don't pay taxes at the end of the year?

Last year I had to pay $307 in taxes after all was said and done. I cannot tell if that was because the Child Tax credit was distributed in payment during the tax year in 2021. I continue to get raises and that is definitely putting me in an different tax bracket. I have me, my wife, and a 7 year old daughter. We file married jointly and on my pay stubs there is something under the federal section that says

Claim Dependent: $2000

 

Under State Section  (CA): Allowances: 3

 

 

OpeA1
Employee Tax Expert

Get your taxes done using TurboTax

Hello beltrami33!

 

You are asking how to avoid owing taxes when you file next year. To do that you need to (update ) increase your withholding with a W-4 and give it to your HR department.

 

  • In Step 1 - be sure to state you are Married Filing Jointly
  • In Step 3 - be sure to include your qualifying child 
  • In Step 4(c) - add an additional tax  you want withheld each pay period.

Here is our tax calculator to help you determine amounts. https://turbotax.intuit.com/tax-tools/calculators/w4/ 

 

Thank you for using Turbo Tax Live!

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"