How should my wife and I setup our W4 withholdings to minimize paying the IRS and avoiding a refund?
For tax year 2006, my wife and I both had "Married +1" on our W4s. Now after having done our taxes, we owe almost $4,000 to the IRS without considering other deductions.
Some people have suggested that I file "Married +1" and my wife file "Married +0". I have the larger annual salary than my wife.
Any thoughts would be greatly appreciated. Thanks!
2007-03-07
04:32:00
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9 answers
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asked by
jaesposito
1
in
United States