I'm single, have one job and no one else can claim me, or can they? I added up A-F and got 2, what does that mean in terms of tax taken out of my checks? No one else is claiming me. I just need to know what is best, 0, 1 or 2. I put 2 because they said put a 1 if no one else will claim you as a dependent and put 1 if you are single and have only one job. Both questions I believe apply to me and put 2. I just don't want to pay any taxes come April. Take that shit out now and I'd actually want a refund. Someone please explain, I had a hard time with google.
W-4 tax form? What to claim?
- Thread starter smeezy
- Start date
you need to only claim yourself man. so the total should be one. I know what your talkin bout how it adds to 2 though. I dont fuckin get it.
But it needs to be 1 total. Just to claim yourself. Depending on how much you make at your other job you could claim zero which I think they take nothing. but then all the tax you pay at the other job, you probably wont get back. it all evens out.
Hope that helps.
You can only be claimed by your parents if you live with them for most of the year I think. If you are over 18 and live alone then you stautus for federal is single and you only claim you.
and like dude said below \/\/ I meant to say expemt. not zero. Im high.
But it needs to be 1 total. Just to claim yourself. Depending on how much you make at your other job you could claim zero which I think they take nothing. but then all the tax you pay at the other job, you probably wont get back. it all evens out.
Hope that helps.
You can only be claimed by your parents if you live with them for most of the year I think. If you are over 18 and live alone then you stautus for federal is single and you only claim you.
and like dude said below \/\/ I meant to say expemt. not zero. Im high.
You are single and take care of yourself, so you claim yourself on your tax return. By claiming Single 1 on your W4, you will have money withheld on an estimate of what a person claiming that will owe in taxes, but it is usually over that amount so you get a refund. If you supported a kid, you would claim Single 2 on your tax return, claim them, and pay less tax for the year. So if you put Single 2 on your W4, you would have less tax withheld because they estimate you owe less.
The less you claim, the more they take out each month, but you'll get more back at the end of the year. You can claim single and 0 if you wanna get a bigger tax return, which isn't very smart because you're basically letting the government hold your money interest free. What I do is figure out what I need to claim based on my salary to break even at the end of the year, meaning not owe anything and not get anything back, and instead get my money during the course of the year and invest it. You know what I mean? But if you dont have the self discipline to save during the year and you'll just spend it anyway, claim 0 or 1 and just look at it as an interest free savings account.
Yeah I'm tired, I meant taxable income. He's gonna take the standard deduction $5,350 so that's $13,175.
If you had $13,500 of taxable income you had to have been taxed. 5 years ago in 2002, I'm assuming, anything over $6000 was taxed. There was a standard deduction of $4700 that year, so if you made more than $10,700 with no other deductions, you were taxed.
If you had $13,500 of taxable income you had to have been taxed. 5 years ago in 2002, I'm assuming, anything over $6000 was taxed. There was a standard deduction of $4700 that year, so if you made more than $10,700 with no other deductions, you were taxed.
Claim ZERO! You get taxed more, but you'll end up getting it right back when you file your taxes! Thats the way to go!
I filed zero last year and had additional deductions and got back $3000.00
This year I think I should be getting or back....i'm deducting an additional $50 from every check....thats $1200 a year....chea!
I filed zero last year and had additional deductions and got back $3000.00
This year I think I should be getting or back....i'm deducting an additional $50 from every check....thats $1200 a year....chea!
Seriously, people think getting money back at the end of the year is the way to go.
IT IS NOT.
If you get money back at the end of the year, that means you didn't get all that you could during the year.
THE IDEA IS TO BREAK EVEN
You can change your w-4 as many times as you want throughout the year.
For instance, this month I am working intersession, so my check is gonna be a fat one. I wanna keep ALL my money this month, so I changed my w-4 to 99. Next month, I change it back to 1.
All this means is at the end of the year, I won't get back as much as when I just left it as 1 for the whole year.
IT IS NOT.
If you get money back at the end of the year, that means you didn't get all that you could during the year.
THE IDEA IS TO BREAK EVEN
You can change your w-4 as many times as you want throughout the year.
For instance, this month I am working intersession, so my check is gonna be a fat one. I wanna keep ALL my money this month, so I changed my w-4 to 99. Next month, I change it back to 1.
All this means is at the end of the year, I won't get back as much as when I just left it as 1 for the whole year.
better hope your parents don't claim you as a dependant...
if you have issues with your taxes, all the 1-800 # in the booklet you should have gotten...and tell them you can't figure it out and need help...they should walk you through EVERY SINGLE step....i was lazy one year and just decided to call and they did it for me in 5 minutes...and you don't have to pay them like H&R block or any of those fuckin places....
if you have issues with your taxes, all the 1-800 # in the booklet you should have gotten...and tell them you can't figure it out and need help...they should walk you through EVERY SINGLE step....i was lazy one year and just decided to call and they did it for me in 5 minutes...and you don't have to pay them like H&R block or any of those fuckin places....
