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I am married with 2 kids. How many deductions should each of us have on our W4?

Forum|Forum|6 years ago
June 1, 2019
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Both wife and husband make a combined $180k / year ($110-husband / $70k-wife). We have always filed jointly. Ever since we had our kids, we have always had to pay at the end of the year. How should we be claiming deductions on our W-4? How many should the husband deduct, and how many should the wife deduct? I want to Zero out at the end of the year, not pay.

TurboTax Basic Mac

Best answer by SweetieJean

Many couples in your situation claim "Married, but withhold at Higher Single Rate," with zero exemptions each, and even have an extra flat dollar amount withheld.

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Texas Roger

Have you tried using the TurboTax calculator? <a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tools/calculators/w4/">https://turbotax.intuit.com/tax-tools/calculators/w4/</a>

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SweetieJeanAnswer

Many couples in your situation claim "Married, but withhold at Higher Single Rate," with zero exemptions each, and even have an extra flat dollar amount withheld.

Critter

Agreed ... Single & zero for the lower wage earner and Married & zero for the higher wage should keep you safe. If you find your refund is too large then put 1 or 2 on line 5 of the higher wage earner and leave the lower wage alone.