Hi thanks. I understand that allowances are no longer applicable. The form still aska ou for your number of eligible dependents. As we are both filling out a form labeled as married filing jointly, do we both put 2 dependents there? Or only one of us? The IRS witholding calculator gives no information on this section. It only tells you how much additional to withold based on whether or not you want a bigger return. We had an issue with my wife's employer not taking enough out for federal last year. I am worried if we both put down 2 dependents, this may happen again.
Or does the number of dependents even matter since we both marked "married filing jointly" and "spouse also works"?
