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W-4 Status
Good afternoon. Last year, my wife and I owed around $2000 on our taxes. Combined we make around $250,000 per year, have two kids (ages 8 and 5), and file jointly with a standard deduction. Any input you can provide on how to amend our W-4 so that we are not owing taxes (coming as close to breaking even as possible would be ideal) would be appreciated. Thank you in advance.
Sincerely,
-Michael
May 24, 2023
12:08 PM