Married filing jointly, only one spouse works, claiming 3 dependents under 17. How many allowances should we claim to get close to breaking even? Yes, I’ve done the W4 calculator on the IRS website, and it tells me how much to withhold each paycheck to break even, but it doesn’t tell me how many allowances to claim that will get me to withholding that amount every paycheck... Do I literally need to change my allowances with my employer, wait for it to process, see how much the new allowances withhold, and then adjust it accordingly over and over until I get to the number that I need?! There has got to be an easier way! I miss the old W4 for tallying up exemptions.
