I am 30 years old and married. My wife and I have 2 children and house with mortgage. We have a combined income of $180,000. we both currently claim “0” and get a very large tax return at the end of the year. We would like to take home more money per check and still get some type of return at the end of the year, but realize it will not be as large as when we claim 0. What should we mark?
I would like to know what to claim on my federal taxes to take more money home per check, but not owe money at the end of the year. Can you help?
Increase the number of allowances you are claiming. Open a savings account and deposit the difference there. You won’t get a larger refund but you will get a bit of interest.
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