Not sure I understand the question. Your kids should be listed on both.

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Jan 18, 2022
12:36:25pm

Skeptical Optimist All-American

Not sure I understand the question. Your kids should be listed on both.

Report problem with this ad

Skeptical Optimist

Previous username: workindev
Bio page: Skeptical Optimist
Joined: Aug 2, 2006
Last login: Apr 23, 2024
Total posts: 78,969 (4,231 FO)

Report problem with this ad

Messages

Author

Time

Those CBers who are smarter about money than me: what is the best way to see

1/18/22 12:33pm

I would think the payroll department in HR can give you a more

BYU71

1/18/22 12:36pm

The W4 just determines how much money your employer withholds. In the end your actual tax liability is going to be what

supertux

1/18/22 12:36pm

We almost always get a large refund because they end up withholding more.

1/18/22 12:40pm

I see. If you follow the instructions for the W4 it should help you put the right amounts into the credits box

supertux

1/18/22 12:46pm

Thanks, everyone!

1/18/22 12:47pm

Not sure I understand the question. Your kids should be listed on both.

Skeptical Optimist

1/18/22 12:36pm

My HR department helped me fill it out because I don’t understand a lot of tax

1/18/22 12:38pm

Just take your refund, divide by 12 and that's how much more you would get month

BYUFootballisBack

1/18/22 12:40pm

But all of my return isn’t based just on my kids, right? Isn’t some of it

1/18/22 12:41pm

Kids get you $2000 per eligible kid for the year

BYUFootballisBack

1/18/22 12:42pm

Claiming the dependent just applies the child tax credit to your paycheck.

molodyets

1/18/22 12:44pm

We have monthly paychecks. So that would be about $166 per month per kid then?

1/18/22 12:47pm

2000/12, yes

molodyets

1/18/22 1:18pm

Ok, got it. As Supertux said above, the W4 is just a way to estimate how much

Skeptical Optimist

1/18/22 12:49pm

Thank you! Exemptions is the word I was looking for. I couldn’t

1/18/22 12:55pm

Exemptions isn't even the right word anymore. They changed the W4 back in like 2019 and now instead of claiming

supertux

1/18/22 1:00pm

I use the IRS calculator, but apparently it's down again, it was working just

BYUFootballisBack

1/18/22 12:39pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad