@mtre184902 wrote:
I will be filing single this year. I have 3 kids that live with me. My youngest just graduated high school this spring. None are in college at this time but none of them have jobs either. My youngest is about to turn 19. My oldest turned 20 this year. (twins)
Over age 16, the tax credit calculation is different. However, assuming you can use head of household status, and that your children qualify as "other dependents" for a $500 credit, we are still looking at around $36,900 before you stare to owe income tax.
The best thing to do is use the calculator. It's possible you filled out the W-4 wrong, or the company entered it wrong in their payroll system. The calculator on the IRS web site will give you your estimated tax owed and recommend if you need to file a new W-4 if you need to catch up by the end of 2024. (In that case, you would use the calculator again in January to reset the withholding for 2025.)
