Spent over an hour trying to figure out what we should change our w4 to since we are getting a $7,000 return. My goal is to get as close to $0 as possible while giving myself a small amount of wiggle room. A return of $1,000 would be fantastic.
That said, my wife called her HR and asked if she did it right, they said, "did you mean to put $40,000 in the deductions?"
Correct me if I am wrong... $25,100 standard deduction, will put back $12,000 in IRAs between the two of us... and $3,200 into an HSA... that comes out to $40,300 that won't be taxed... is there something I am missing here?
That said, my wife called her HR and asked if she did it right, they said, "did you mean to put $40,000 in the deductions?"
Correct me if I am wrong... $25,100 standard deduction, will put back $12,000 in IRAs between the two of us... and $3,200 into an HSA... that comes out to $40,300 that won't be taxed... is there something I am missing here?
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