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New Member
posted May 31, 2019 5:41:28 PM

How can we be married filing jointly, each claiming zero with 2 kids owe money?

2 kids, each requesting the most to be deducted from our paycheck yet we owed more this year than ever before.

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1 Replies
Alumni
May 31, 2019 5:41:30 PM

That is not uncommon, especially for two earner families with better than average incomes. The withholding tables don't withhold enough. You can minimize that by filing a new W-4 with your employer, claim 0 (as you are doing), and choose "married but withhold at the higher single rate". If that doesn't solve it, there is a place on the W-4 to ask your employer to withhold an additional cash amount each pay period. As you children get older, the problem gets worse. You loose the Child and Dependent Care credit when a child turns 13, and you loose the Child Tax Credit when a child turns 17.