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Married w/ two kids, can’t figure out why I keep owing federal taxes

submitted
a year ago
byrss-bot bottopersonalfinance

We have two kids and both work. I make roughly $130k and claim 3, wife makes roughly $30k and claims 0. We keeping owing about $4k in federal taxes the last couple years. Kids are 6 and 8.

I claim the amount of dependents that the W4 says I should. What am I missing?

original posted by NoWayTellMeMore to r/personalfinance on Wed, 10 Apr 2024 15:45:19 GMT.

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