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lmclaughlin9605
Returning Member

Payroll Withholding Status Head of Household Multiple Jobs or Spouse Works Multiple Jobs or Spouse Works Total Dependent Amount 2,500.00 What does this mean for pay?

I have 2 dependents for federal and it came out to be $2500 for the allowances under federal what does this mean as far as paychecks?
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1 Reply
MaryK4
Employee Tax Expert

Payroll Withholding Status Head of Household Multiple Jobs or Spouse Works Multiple Jobs or Spouse Works Total Dependent Amount 2,500.00 What does this mean for pay?

You would have to estimate your tax due (based on projected income) then you would subtract the $2500 from your withholdings.  

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