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Too many allowances; Very High tax bill
We married on 12/18/15. We both changed our allowances to 2 each on our W4 after following the advice on the worksheet.I started doing our taxes, Married filing jointly and I see we way underpaid and owe over $10,000 in federal taxes. How many allowances should we choose to avoid this next year? I'm panicking by the way....
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May 31, 2019
8:19 PM