Both wife and husband make a combined $180k / year ($110-husband / $70k-wife). We have always filed jointly. Ever since we had our kids, we have always had to pay at the end of the year. How should we be claiming deductions on our W-4? How many should the husband deduct, and how many should the wife deduct? I want to Zero out at the end of the year, not pay.
Have you tried using the TurboTax calculator? <a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tools/calculators/w4/">https://turbotax.intuit.com/tax-tools/calculators/w4/</a>
Many couples in your situation claim "Married, but withhold at Higher Single Rate," with zero exemptions each, and even have an extra flat dollar amount withheld.