- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hello BK5329,
Thank you for joining us today! We are so happy to have you here! I'm sorry to hear that you owe every year and that definitely can be a burden. With your children's ages, they will not qualify for the Child tax credit, but may still qualify for the other dependent credit of 500.00. I'm not sure if your 18 year will graduate this year and start college in the fall yet, but if so, you might be eligible for Education credits. I post a link at the end of this post just in case. Claiming Single 0 will inform your employer to withhold more federal taxes, which may reduce your tax burden at tax time. Also, there is a worksheet (page 3, section 2(b)) for Form W4 that will help determine if you should have additional Federal Withholding. It's always a good idea to use the TaxCaster to have a picture of where you might be come tax time, so you can be proactive and make adjustments sooner.
Form W-4: https://www.irs.gov/pub/irs-pdf/fw4.pdf
TurboTax Caster: https://turbotax.intuit.com/tax-tools/
Education Credits: https://turbotax.intuit.com/tax-tips/college-and-education/what-are-education-tax-credits/L7TuLrVqZ
Hope this helps, and I am happy to answer any further questions.
**Mark the post that answers your question by clicking on "Mark as Best Answer"