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Its-a-write-off t1_iyb2dwj wrote

There is no reason to hire your taxes out based on this, no. It's not that kind of big deal.

What setting does your spouse have on their w4? How much do they make a year?

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[deleted] OP t1_iyb4l3i wrote

[deleted]

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Its-a-write-off t1_iyb9qz0 wrote

So with you making 55k, and your spouse making 20k, and we'll assume at least 3600 in pre tax deductions (do you have pre tax retirement, fsa, hsa, health insurance?) your tax liability after the child tax credits pay the bulk of it, is 1100 or so. So check what your spouse has had withheld to date, and subtract that from 1100, and that's about what you can expect to owe.

Do you have the children in any paid daycare while you both work? That's another credit that could wipe away even that 1100.

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