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Under-payment penalty every year
Hello - both myself and my husband file jointly and have full-time salaried positions. However, every year we seem to under-pay our taxes and have to pay more and a underpayment penalty. Should I be taking out more from my W-4? How do I do that? Do you have an example of what a W-4 should look like that I submit to my employer? Currently, most of the fields are blank since I am salaried I thought they took out the right amount of taxes based on my salary?
3 weeks ago