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Level 1
posted May 29, 2024 11:13:08 AM

Adjusting my W-4

I am married with a 19, 15 & 10 year old in Texas. I currently claim all 3 of my children but will need to adjust my W-4 when my 19 year old moves out. How should I fill out my W-4? 

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1 Replies
Employee Tax Expert
May 29, 2024 11:23:18 AM

Thank you for your question.  If the 19 year is moving out this year, you may want to make the adjustment to the W-4 now.  This is also assuming that they are not a full-time student in college and they will make over $5,050 in tax year 2024.   In that case you, in Step 3 for tax year 2024 would enter $4,000 in one of the W-4s only.

 

In 2025, if the 19 year old moves out, and they are not a full time student in college and the income is over the income limit for a dependent in 2025 ($ adjusted for inflation).  In that case in 2025 you would enter either $2,500 or $4,000.  The $2,500 would be entered if the 15 year turns 16 during 2024.  If they turn 16 in 2025 you would enter $4,000 in 2025.  

 

Thanks again for your question @Angelique5