If you're completing a company form as opposed to the W-4 it may be presented in a different way.
- On the W-4 you were instructed to enter a number of dependents (each is worth $500).
- I expect your company's form requests the actual credit reduction in taxable income.
- This would be $500 for each dependent that you included.
- If you report 1 use $500
- For 2 use $1,000
- For 3 $1,500 and so forth.
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