topic W4 in Deductions & credits

W4

Maniax73 — Fri, 04 Sep 2020 18:47:10 GMT

I’m confused on way w4 is setup. I followed the questions it asked me. And since may 2020, I noticed 0.00 federal taxes withheld.
min a little concerned with this on what I’ll have to pay back. Did I miss something or do something wrong ?

Re: W4

DoninGA — Fri, 04 Sep 2020 18:52:59 GMT

Use the IRS withholding calculator here - https://www.irs.gov/individuals/tax-withholding-estimator

Re: W4

Carl — Fri, 04 Sep 2020 23:50:54 GMT

The main thing when filling out the W-4, as you read the instructions, pay attention to detail. It matters big time. Particularly in "Step 3: Claim Dependents". For that one, if the will "NOT" be under the age of 17 on Dec 31 of 2020, then do NOT include them in that number.

Re: W4

Maniax73 — Sat, 05 Sep 2020 01:21:00 GMT

Thanks. Yes my kiddos are 9 and 5. So got some time lol. I did claim them since they’ve been born. I’m just trying to understand why I see 0.00 on federal tax withheld on my paychecks since may. Doesn’t ask for exemptions or anything like that. Is because of COVID?