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sbeverett2007
New Member

Im married and we file jointly. We make about $48K a year and no kids or houses to claim. What or how many exemptions should we claim on our w4 so we dont pay or owe tax?

 
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viktoriyab11
New Member

Im married and we file jointly. We make about $48K a year and no kids or houses to claim. What or how many exemptions should we claim on our w4 so we dont pay or owe tax?

Generally, the more allowances, the less tax will be withheld from each paycheck. The fewer allowances claimed, the larger withholding amount, which may result in a refund. 

If you need more help filling out your W-4, try using your withholding calculator. https://www.irs.gov/individuals/irs-withholding-calculator

(Note: Due to the tax law changes signed into law on December 22, 2017, the IRS withholding calculator is currently unavailable. ?The IRS will update the calculator as soon as updated withholding information is available).

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Opus 17
Level 15

Im married and we file jointly. We make about $48K a year and no kids or houses to claim. What or how many exemptions should we claim on our w4 so we dont pay or owe tax?

Do you expect to owe this year (2017?)
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
viktoriyab11
New Member

Im married and we file jointly. We make about $48K a year and no kids or houses to claim. What or how many exemptions should we claim on our w4 so we dont pay or owe tax?

Generally, the more allowances, the less tax will be withheld from each paycheck. The fewer allowances claimed, the larger withholding amount, which may result in a refund. 

If you need more help filling out your W-4, try using your withholding calculator. https://www.irs.gov/individuals/irs-withholding-calculator

(Note: Due to the tax law changes signed into law on December 22, 2017, the IRS withholding calculator is currently unavailable. ?The IRS will update the calculator as soon as updated withholding information is available).

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