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DawnB25
Level 4

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Because on the new W4 2020 and later the deduction is a dollar amount.

 

It reads, multiply the number of children by $2,000. So, two kids = $4,000

Then it says, multiply the number of other dependents by $500.00. So, one non working spouse = $500

 

That gives me a total of $4,500.00. 

 

The spot to put that dollar amount in QuickBooks under Form 2020 or later looks like this:

"Claim Dependents 0.00" 

 

^ That doesn't appear to be a spot to enter $4,500.00 to me...so what do we put? 4.5? No one knows. 

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