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    dpres5301's Avatar
    dpres5301 Posts: 1, Reputation: 1
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    #1

    Nov 3, 2008, 09:14 AM
    Claim with kids and more money?
    I'm married we are now bringing in more money we're kind of lost. We bring in a combined income of $150000 we have one child and own a home. We've been claiming 0 before which brings a nice return but seems we're paying way too much through out the year any help would be great. Thank you.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Nov 3, 2008, 12:31 PM

    I suggest you go through the instructions on form W-4 to see how many credits to claim. Yes, it's nice getting a big return when you file your taxes, but that's a free loan you've been making to the IRS, and is money you could have probably used throughout the year. Here is form W-4:http://www.irs.gov/pub/irs-pdf/fw4.pdf

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