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It is imperative to ensure that Two Income Families ensure that they have the correct amount of withholding on their w-4 form.
Example: Husband and Wife with 2 children living in their home, each spouse could claim 2 withholdings.
If each spouse claim 4 withholdings you may end up owing the IRS and State Department of Revenue when you file your taxes.
If you have further questions please feel free to contact us.
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Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.