When filling out tax forms for your employer, what number do you claim to have more taxes withheld?
August 27, 2008
shylee2482 asked:
If you have more tax withhelf, you get a refund during income tax season. If you get more money on your paycheck you end up paying taxes. I don’t want that to happen to me so on my VA tax forms, what do I claim?
If you have more tax withhelf, you get a refund during income tax season. If you get more money on your paycheck you end up paying taxes. I don’t want that to happen to me so on my VA tax forms, what do I claim?
3 Responses to “When filling out tax forms for your employer, what number do you claim to have more taxes withheld?”
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August 27th, 2008 at 8:28 pm
The smaller the number, such as zero, the MORE taxes/withholding are taken out. The bigger the number, the LESS taxes/withholding are taken out. I always claim zero in order not to owe taxes come tax time. My paycheck is smaller, but it is better than having to come up with money to pay taxes in April!
August 29th, 2008 at 10:57 pm
one (1) yourself 2 will be fine also if you have a dependent
if you are married be sure to mark the box married on the w-4 also.
if you claim one,no way should that make you owe taxes
my spouse claims 2 and he pays enough taxes that he doesn’t owe and he still gets a nice refund.you don’t want to claim zero and get a small paycheck throughout the year only to get a huge refund,it’s best to break even,pay your taxes but still get most of your paycheck also,most folks claim zero just to ensure they don’t wind up owing,that doesn’t make too much sense to me,i would rather get the most for my hard earned work,pay my taxes and still get a refund.
August 30th, 2008 at 12:59 pm
I am a single parent, and I claim 2-3. I claim myself, my child, and I also claim another for child care. I make out still come refund time. I usually bank like 3g’s when I get my return.