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January 31, 2022
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Withholding allowance

  • January 31, 2022
  • 1 reply
  • 1 view

I got married in 2021. In my W-2 form, I have always selected one withholding allowance and have gotten a tax refund in my return. When I started to populate my information into Turbotax, I saw that I owe money for 2021. Should select 0 as my withholding allowance in my W-2 form to avoid owing taxes in the future?

    Best answer by LenaH

    It depends on your tax situation. There are a lot of factors that effect your tax liability from year to year. It is recommended that you use the W-4 Withholding Calculator and determine what is the best withholding for you so that you will get the desired outcome in the future. 

    1 reply

    LenaH
    Community Manager
    LenaHCommunity ManagerAnswer
    Community Manager
    January 31, 2022

    It depends on your tax situation. There are a lot of factors that effect your tax liability from year to year. It is recommended that you use the W-4 Withholding Calculator and determine what is the best withholding for you so that you will get the desired outcome in the future. 

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