W-4 Withholding

[JackieH1]

I am married and my spouse and I both work full time. We have 3 children. For the last 2 years we have had to pay $5k in taxes due to not having enough withholding from our paychecks. What is the best way to fill them out? Who should we claim on each form? (I.e., does one of us claim all the children, do we split them, etc). My spouse makes slightly more money than I do. 

[rschule1]

Hi there:

The key to a proper W4 is step 2b. multiple jobs worksheet for you and your spouse.

[Anonymous]

Hi @JackieH1 ,

You are correct on assuming that you and your spouse do not have enough withholding from your paychecks.

Below is the link to W-4 Calculator.

W-4 Calculator 2023 

Please use this to get an idea of how you and your spouse  should complete the W-4.

I hope this helps.

[JackieH1]

Thank you!