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Get your taxes done using TurboTax
Thanks. I used the tool and am not sure how to interpret it. I have 2 questions:
1. It shows a 2022 estimated payment with a negative amount (and zero for my paycheck impact). Does this mean the tool estimates I get a refund? Or does a negative estimated payment mean I owe taxes?
2. It shows I should claim 3 dependents on my W4, presumably for me, my spouse, and my child. If me and my spouse are married filing jointly and I claim 1 dependent and he claims 2 dependents, is that equal to the 3 dependents this tool recommends?
March 31, 2021
2:35 PM