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Deductions & credits
Will you owe taxes at the tax time? That depends on several factors, your total income on the Joint Tax return and what is being taken out as withholding from his paychecks etc. Is he claiming these children on his W4 as well? If both of you are claiming these exemptions then less tax is going to be withheld and you may end up with balance due at the tax time.
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‎July 21, 2021
12:47 PM