I’ve trying to change my W4 using the IRS simulator but I’m not sure if I understand the results. I’ve been withheld as single for a long time which has given me a high refund every year declaring as married with two dependents. I want change that and pay the minimum in my declaration next year and take the money now from my deductions. But the IRS simulator is giving me an amount I don’t get: it’s telling me to put just a total in section 3 very high and don’t specify where is that coming from. I’d assume it’s giving me the credit for my two dependents at least but not sure if the rest is coming from my bonus? I’m the only salary in my house, no salary from wife and I receive a bonus every year.
