Did you make the same amount last year(approximately)?
If so, and you got a return
, you could up the deductions. I would probaly start by inceasing it by one,
be on the safe side. The other "theory" is to increase it more to get
more "money in your pocket", but to set that money aside in an intrest
bearing account (something "liquid", so you have easy access) The money
is now in YOUR control and earning intrest, something the IRS
do !! At the end of the year (April 15) you can draw out what you need
to cover your taxes. If you have a "ROTH" set up for your child a
portion could be put in to further reduce your tax liability
Not knowing your entire
financial situation puts me at a disadvantage, so I would suggest
talking with the bookeeper at work. They could give you some quick
scenarios in order for you decide which one looks best for you.
Best Wishes !!