I can't figure out if I should claim 1 dependent or 2 dependents on my W-4 tax form. When and how do you make changes to your W-4 tax form after having children?

OK, first off I’m going to say *IGNORE* the instructions on the updated W-4 form. It’s not worth anything. And yes, I’ve seen and followed the directions, which are wildly inaccurate and misleading.Here’s how exemptions and the W-4 work.As of last year, per the Tax Cuts and Job Act, you can NO LONGER, claim yourself as a dependent/exemption. You can, if you are married, no longer claim your spouse as a dependent/exemption.IF you have minor children (Age 19 and under) you *MAY* claim one exemption per child. IF you have a child, enrolled ‘full time in school’ who is age 24 or under, and that schooling is College, Trade School, Vo-Tech, etc and NOT primary education (IE High School education, GED classes, etc) you may claim an exemption for them.So simple example. Jack and Jane Darling are married. They have one child born June 1st.From January to June, Jack and Jane can *ONLY* claim ZERO EXEMPTIONS on their W-4. From June 1st, when the child is born, on wards, they can each claim ONE Exemption on their W-4.Hopefully that helps and simplifies it down. And yes, I’m a tax preparer as well. I spent all of last year warning various clients and I’m doing the same this year, along with explaining how many you can *legally* claim on your W-4.

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I can't figure out if I should claim 1 dependent or 2 dependents on my W-4 tax form. When and how do you make changes to your W-4 tax form after having children?
OK, first off I’m going to say *IGNORE* the instructions on the updated W-4 form. It’s not worth anything. And yes, I’ve seen and followed the directions, which are wildly inaccurate and misleading.Here’s how exemptions and the W-4 work.As of last year, per the Tax Cuts and Job Act, you can NO LONGER, claim yourself as a dependent/exemption. You can, if you are married, no longer claim your spouse as a dependent/exemption.IF you have minor children (Age 19 and under) you *MAY* claim one exemption per child. IF you have a child, enrolled ‘full time in school’ who is age 24 or under, and that schooling is College, Trade School, Vo-Tech, etc and NOT primary education (IE High School education, GED classes, etc) you may claim an exemption for them.So simple example. Jack and Jane Darling are married. They have one child born June 1st.From January to June, Jack and Jane can *ONLY* claim ZERO EXEMPTIONS on their W-4. From June 1st, when the child is born, on wards, they can each claim ONE Exemption on their W-4.Hopefully that helps and simplifies it down. And yes, I’m a tax preparer as well. I spent all of last year warning various clients and I’m doing the same this year, along with explaining how many you can *legally* claim on your W-4.

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