Hi, @family57911 , great questions! It sounds to me like a visit to our free W-4 Calculator might be very helpful to you, since your children are "aging out" of the Child Tax Credit. In regards to your bonus, withholding on bonuses is generally at a higher rate (22%) than your normal wages. If that's your tax bracket, then that might be sufficient. For 2023, the 22% tax bracket covers the income range $89,450 to $190,750, if you're Married Filing Jointly. But if you're in a higher tax bracket, then you'll definitely want to consider that the withholding might not be sufficient. Again, I think the W-4 Calculator will be super helpful. Please let me know!
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