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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.
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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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