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My job states I don't make enough to have federal taxed withheld but I have 2 dependents. When I fill my taxes will I owe?

Should I amend my w4 and withhold a set amount myself? I recently changed jobs in June.
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2 Replies
rjs
Level 15
Level 15

My job states I don't make enough to have federal taxed withheld but I have 2 dependents. When I fill my taxes will I owe?

Use the Tax Withholding Estimator on the IRS web site to figure out what to put on your W-4 form for your new job. It will show you whether you would owe tax, and how to adjust your withholding to get the approximate refund amount that you want.

 

Hal_Al
Level 15

My job states I don't make enough to have federal taxed withheld but I have 2 dependents. When I fill my taxes will I owe?

Q. When I fill my taxes will I owe?

A. No. You'll most likely get a "refund", even though no money was actually withheld due to generous refundable credits for child dependents and earned income.

 

Q. Should I amend my w4 and withhold a set amount myself?

A. No, unless you know, for a fact, that your employer is wrong. Even then, there is no penalty if you owe less than $1000. 

 

Use this tool to see an estimate of your tax due or (more likely) the "refund" you will get. 

 https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1

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