Solved
W-4 with 4 children both parents work
Hello,
Both my wife and I work and we file taxes jointly. However, we always owe a lot of money at the end of the year. We are both claiming all 4 kids on our W-4's, should we stop doing so?
Since both of you are working and each claiming 4 each that is why you owe taxes. The following may help.
https://www.irs.gov/individuals/tax-withholding-estimator
and
https://www.vanderbilt.edu/studentemployment/students/W4_Guide_For_Students.pdf
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