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Level 1
posted May 29, 2024 3:30:36 PM

How can I change my W-4 so I don’t owe again?

Do I claim 0? We have two incomes husband and wife and 3 dependent kids

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1 Replies
Employee Tax Expert
May 29, 2024 3:42:19 PM

Review your Form W-4. Make sure you and your spouse are not both claiming the dependents on each form.  There is also limits on the child tax credit based on income and age. Make sure to enter any dependent information based on those factors. Here are a few links that can assist with a more accurate calculation for withholdings:

https://turbotax.intuit.com/tax-tools/calculators/w4/

https://www.irs.gov/credits-deductions/individuals/child-tax-credit

 

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