I just realized I will not have enough tax liability to claim my entire $7500 EV tax credit unless I zero out my bi weekly paycheck Fed withholding to zero. I do not want to check the exempt box only want to reduce my current $870 bi-weekly withholding down to as close to $0 as possible. How do I do this on the new W4 form? Currently I claim 10 allowances from the old W4 form I had submitted many years ago. Should I claim more deductions (I have 2 dependents under 17) or should I put a large $ amount in the 4b. Deductions area. What is the best way to remove the $870 current Fed withholding as I only have 6 bi weekly paycheck left to increase my tax liability by around $5K. Appreciate anyone's feedback.
