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Best way to enter my W4 that maximizes my net income while minimizing my tax return
Hi,
I file jointly (gross income is approx $215,000) and we both claim 0 dependents on our W4s but yet we owed $3000 in taxes. What is the best way to fill out our W4 that maximizes our net income while reducing our amount of taxes owed? For this year, I started withholding an extra amount to account for a possible $3000 amount owed this year ($115 held every paycheck - 26 paychecks in a year). Any advise is appreciated.
May 24, 2023
12:46 PM