Im married and we file jointly. We make about $48K a year and no kids or houses to claim. What or how many exemptions should we claim on our w4 so we dont pay or owe tax?

[Opus 17]

Do you expect to owe this year (2017?)

[viktoriyab11 · Accepted solution]

Generally, the more allowances, the less tax will be withheld from each paycheck. The fewer allowances claimed, the larger withholding amount, which may result in a refund. 

If you need more help filling out your W-4, try using your withholding calculator. https://www.irs.gov/individuals/irs-withholding-calculator

(Note: Due to the tax law changes signed into law on December 22, 2017, the IRS withholding calculator is currently unavailable. ?The IRS will update the calculator as soon as updated withholding information is available).