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Should 2 child claims, married filing joint, on taxes with a 52,000 dollar yearly income make the federal taxes being withheld $0?

 
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Should 2 child claims, married filing joint, on taxes with a 52,000 dollar yearly income make the federal taxes being withheld $0?

Are you asking what you should put on a W-4 for tax to be withheld from your paychecks?

 

https://www.irs.gov/pub/irs-pdf/fw4.pdf

 

 

https://www.irs.gov/individuals/tax-withholding-estimator

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Should 2 child claims, married filing joint, on taxes with a 52,000 dollar yearly income make the federal taxes being withheld $0?

@brebrepherson - that is likely.

 

$52k of income less the standard deduction of $25.9k leaves taxable income of $26.1k.

 

The tax on that is approximately $2900.  But from that subtract $4000 for the tax credits related to the two children (who I assume are both under 17 years old and live with you).  So even if nothing is withheld, your federal tax refund should be in the $1100 range. 

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