turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do i kbow how many to claim

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Lane5
Employee Tax Expert

How do i kbow how many to claim

The number of dependents you claim are needed to factor the type of child tax credit you’ll get on your tax return. They are either under 17 (16 and younger) or over 16 (17 and older).


If your income is below $400,00 for Married Filing Joint, or $200,000 for the other filing status, then the child tax credit for those under 17 (16 and younger) is $2,000 per child. For those over 16 (17 and older) you get the ‘other dependent’ credit of $500 per dependent. This information is entered on the W4, line 3 https://www.irs.gov/pub/irs-pdf/fw4.pdf  and will lower the amount withheld from your paycheck.


You will want to get an estimated projection to see how your current information will result at the end of the year. You can use the TurboTax W4 Calculator to assist: https://turbotax.intuit.com/tax-tools/calculators/w4/

These results can assist in determining whether you should add or remove dependents.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
srubino
Employee Tax Expert

How do i kbow how many to claim

Hello, please see below link to assist you on filing for federal withholding

 

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

Manage cookies