DanielV01
Expert Alumni

Get your taxes done using TurboTax

If your children are going to be under 16, and you have less than $400,000 of income, you will receive $2,000 of credit for each child.  This may allow each of you to take another allowance or so, but I would go much more than that.  The 24,000 swing calculated at the Married Rate could easily mean more than $5,000 of tax underwithheld if you are in the 22% tax bracket, which would be right around 100,000 of gross income before deductions.
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