- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Avoiding underpayment
For the last 3 years, I’ve been putting 0 for dependents even though I have 2 children, so the max tax is removed from my pay so I don’t owe when I file, but this past year, I owed so much taxes, and had to pay an underpayment penalty. so after filing, I went back into my W-4, and changed the qualifying amount to $4000 is this the right thing to do? Under state (CA), I put 1 for Total # of allowances. I file married and make less than my spouse. How should I fill out my W-4?
3 weeks ago