Quote:
Originally Posted by AmbitiousSaver
How do we figure out what the right withholding amount is? I claim 2 and make around $40K, he claims 0 and makes $33K taxable income (but he gets like $20K additional in untaxed benefits from the military)... and we have a family of 6 now.
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The best site for figuring out Withholdings is the IRS site:
2008 Withholding Calculator
I believe you can input all the info (including deferred tax amounts) and arrive at the best number to use.