Number of exemptions/allowances for W-4 form?
I need to update my W-4 form for 2010 (yay, baby boy!).
However, section G (Child Tax Credit) looks new to me. And if I follow the directions there, it would appear I need to increase my number of exemptions/allowances from 4 to 9. (Without the newest kid, it would be 8). The last time I updated my W-4 was in 2006.
That’s a pretty big jump.
Has anyone else here evaluated their position and had the same result?
This question is in the General Section. Responses must be helpful and on-topic.