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Get your taxes done using TurboTax
based on your income, filing status and number of dependents, nothing is withheld! and you still would get a refund at the end of the year.
the way the W-4 is now designed is that it mimics the tax return. So if you are eligible for EITC and CTC and you would owe no tax at the end of the year, the system is designed not to withhold anything.
it is not necessarily incorrect that you complete the W-4 indicating your filing status and the 2 dependents and then nothing is withheld by the employer. Many are surprised by this.
May 30, 2024
5:17 AM