It's Evelyn. I have been a CPA for over 20 years. I have been with Intuit TurboTax since it went live. Working with client's in a timely and proactive manner makes every day a great day.
Owing federal income tax at the end of the year. Here are some scenarios:
Under-withholding:
Each job assumes you have only one source of income.
Your tax ra...
Only one of you should claim your dependent. Also, if you qualify for the child tax credit only one of you should take the credit in the tax calculator tool to ...
As you both work be sure thatyou fill out W-4 forms for each of you. To adjust your withholdings TurboTax has an amazing tax caster to generate an updated W-4: ...
To adjust your withholdings TurboTax has an amazing tax caster to generate an updated W-4: W-4 tax calculatorAs you both work be sure thatyou fill out W-4 forms...
You do not include your dependent child's wages on your tax return.
A dependent child who has earned more than $14,600 of earned income (tax year 2024) typical...