Good afternoon...
I have a few things happening this year and I can't figure out how to fill out the new W-4. I went to the IRS calculator and I couldn't understand their instructions after I answered a few questions. Here are some things that are happening this year.
I am selling my home in WA state.
I will be moving to Hawaii and hopefully buying a home there.
If I can't keep my current job, I will have to find a new one.
This year my son turned 18 in June and will move out once the house is sold.
I previously had an MCC tax credit for my current home so I was claiming S and 6 to help keep more money in my pocket.
I know I can claim my son for 2022, but I want to go ahead and update my W-4 to what it should be once my nest is completely empty. I don't want to owe anything at the end of the year. My current income is $57,200 per year. (I just got a raise effective June 4th). The IRS calculator told me to enter $331 on line 4(b) but didn't say anything about filling out line 3. I'm not sure if that is correct.
Thank you for your help!