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Deductions & credits
Q. For some reason my federal taxes stayed withheld was lower by about $2000. Is this normal?
A. Yes. The Child Tax Credit for each child is worth up to $2000.
Q. My Medicaid and SS (FICA) taxes stayed roughly the same.
A. FICA is a fixed percentage and not affected by the number of dependents or anything else (other than income top limit).
Q. Or should I expect to pay that difference when I file in a week or so?
A. No. They got it right.
‎January 31, 2025
7:27 AM