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June 4, 2019
Question

Tax Year 2016: My wife will be a stay at home mother for all of 2016. (no income) We have three children. Should i claim 3 or 4 exemptions on W-4? Should we continue to file jointly?

  • June 4, 2019
  • 1 reply
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Children all under 18 and dependents.

1 reply

June 4, 2019

It really depends on your income and other deductions on your tax return.  Also, it depends on how much of a refund, if any, you want on your 2016 taxes.  This link is to a W-4 calculator that may help you determine how many withholding allowances to take on your W-4 for 2016. You will enter information such as dependents, income, deductions, etc. to get a withholding suggestion.  W-4 Withholding Calculator