Still owing taxes

[amandad272]

Good day! For the last couple of years my husband and I end up still owing $2k plus in taxes when it's time to file. We have no dependents and file married jointly. Is there a way to have them hold more during the year so I don't owe at the end?

Thank you. 

[SusanC6]

The Form W-4, Employee's Withholding Certificate was redesigned in 2020, due to the Tax Cuts and Jobs Act (TCJA) of 2017.  The new form considers all sources of income, including multiple jobs or a spouse's income to determine the correct tax withholding amount.  The Form does include a line for Extra withholding.

If you and your husband have not updated your W-4 recently, you may want to consider doing so.  The IRS has an online tool to help employees accurately calculate their withholding.  IRS Tax Withholding Estimator