What do you claim for your paycheck tax withholding if you both work full-time, have 2 children, and both are in full-time daycare.

With 1 LO, we did M-1 and got about $1k return (granted we only owned a house about 1/2 the year, so if nothing else changed, it would probably be higher this year). We don't want to get more than that overfunded on taxes. I was thinking of changing mine to M-2 or M-3. When I do the worksheets it recommends M-7 which seems like that can't be right!