I have a substantially higher income and claim all 3 exemptions on my W-4, my wife claims 0. Every year Turbotax predicts a $2K refund for next year, but that never happens
@JeffVA there is no such thing as "exemptions" on a W-4 anymore
The new forms mimic the tax return, so there is really no reason following these new forms don't get you close to no tax due / no refund.
Review this form and get your payroll department to adjust accordingly,
Follow the directions CLOSELY. do your's first (since you are the higher wage earner and put down 1 child / $2,000 in step 3; your spouse leaves this as zero/ no children. )
https://www.irs.gov/pub/irs-pdf/fw4.pdf
You will need to adjust your W-4 so that there is more federal income taxes withheld.
Go to this IRS website for a tax withholding estimator - https://www.irs.gov/individuals/tax-withholding-estimator
@JeffVA there is no such thing as "exemptions" on a W-4 anymore
The new forms mimic the tax return, so there is really no reason following these new forms don't get you close to no tax due / no refund.
Review this form and get your payroll department to adjust accordingly,
Follow the directions CLOSELY. do your's first (since you are the higher wage earner and put down 1 child / $2,000 in step 3; your spouse leaves this as zero/ no children. )
https://www.irs.gov/pub/irs-pdf/fw4.pdf