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This week I downloaded a W-4 from the IRS website and did a little calculating to see if we could have less taxes taken out of our one-income paycheck. Turns out that instead of 6 exemptions my husband had been claiming( 2 adults, 4 kids) we can claim 11. He gave it to the accounting office and she said she would have to report it to the IRS. Now, WHAT does that mean? What is the cutoff number when they require reporting? Are we in for an audit? For the last three years we've gotten thousands of dollars in refund-sure sign of overpaying all year. We requested nothing special on the W-4-just filled it out as they have it written out. Any comments or suggestions would be greatly appreciated. Thanks!
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