-He makes about $54,000.00 a year. He claims 0 now and has an extra $50.00 taken out of every check, but that was when we were both working and didn't have a child. What should he claim now?your personal exemptions are $3700 each, this is $11100, as non taxable
married filing jointly your standard deduction is probably $11900, now $23000 is not taxable leaving $31000 as taxable
$500 child tax credit will reduce any income tax liability by that amount, the tax rate is probably about 15%(tax of approx. $4650)
Why give the government a free loan?
Claim at least 2 and use the extra $ to fund either an IRA or 401k.
He could claim married and up to six allowances - I'd stick with five. He doesn't need to have extra taken out.
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