I am married and have 1 stepchild(we are not claiming her, it's the ex-husbands turn this year). My wife makes much less than I do. Together we make around 135k.
I claim 2 allowances and after doing our taxes, We owe $3100 federal.
Last year I claimed 3 and we owed some money so I dropped it to 2. But now I owe much more. Do I really need to claim 0 to owe no taxes?
Any help?

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Posted by Modern

Fiddy Men

Member since May 2011

16877 posts

Posted on 3/25/20 at 3:56 pm to SnukaD

Family of 3. I claim 2 from Jan to Aug, and then 3 from Aug to Dec.

At the most, I owe about $300 every year. But I like to keep more of my money from my paycheck.

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Posted by xenon16

Metry Brah

Member since Sep 2008

3528 posts

Posted on 3/25/20 at 4:24 pm to SnukaD

https://www.irs.gov/individuals/tax-withholding-estimator

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Posted by JohnnyKilroy

Cajun Navy Vice Admiral

Member since Oct 2012

35348 posts

Posted on 3/25/20 at 4:25 pm to SnukaD

0 State and Fed plus additional withholding. shite is wack lol

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Posted by Bryant91092

Member since Dec 2009

24503 posts

Posted on 3/25/20 at 4:32 pm to JohnnyKilroy

quote:
0 State and Fed plus additional withholding

That's what I do as well.

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Posted by WPBTiger

Parts Unknown

Member since Nov 2011

31081 posts

Posted on 3/25/20 at 4:52 pm to SnukaD

I claim Married and zero and additional for federal.

This post was edited on 3/25/20 at 4:53 pm

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Posted by Indfanfromcol

LSU

Member since Jan 2011

14733 posts

Posted on 3/25/20 at 5:17 pm to SnukaD

I only claimed one. Have just one child. Wife and I combine for around $130k. We got back $3200. Wish I would have claimed more, since I believe she claims none.

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Posted by LSU6262

Member since Jun 2008

7492 posts

Posted on 3/25/20 at 5:46 pm to SnukaD

There are no more allowances for 2020

This post was edited on 3/25/20 at 6:48 pm