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July 21, 2021
Question

w4 withholding with the new form

  • July 21, 2021
  • 1 reply
  • 0 views

We have four children (7,6,4,1); in the w4 we claim $8,000 for our children... once I received my first paycheck there were no federal taxes taken out, only Medicare and SS. Is this normal or should we put some deductions on the w4? I don' want to pay back any taxes at the end of the year, specially since we are receiving the child tax credit every 15 of the month.

    1 reply

    rjs
    Employee
    July 21, 2021

    Use the Tax Withholding Estimator on the IRS web site to figure out what to put on your W-4 form. It will show you how to adjust your withholding to get the approximate refund amount that you want.