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Level 1
July 27, 2022
Question

How do I adjust my w4's so I don't pay taxes at the end of the year?

  • July 27, 2022
  • 1 reply
  • 30 views

Last year I had to pay $307 in taxes after all was said and done. I cannot tell if that was because the Child Tax credit was distributed in payment during the tax year in 2021. I continue to get raises and that is definitely putting me in an different tax bracket. I have me, my wife, and a 7 year old daughter. We file married jointly and on my pay stubs there is something under the federal section that says

Claim Dependent: $2000

 

Under State Section  (CA): Allowances: 3

 

 

    1 reply

    Level 6
    July 27, 2022

    Hello beltrami33!

     

    You are asking how to avoid owing taxes when you file next year. To do that you need to (update ) increase your withholding with a W-4 and give it to your HR department.

     

    • In Step 1 - be sure to state you are Married Filing Jointly
    • In Step 3 - be sure to include your qualifying child 
    • In Step 4(c) - add an additional tax  you want withheld each pay period.

    Here is our tax calculator to help you determine amounts. https://turbotax.intuit.com/tax-tools/calculators/w4/ 

     

    Thank you for using Turbo Tax Live!

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