what do i put on my first w4 form?
im 17
single
no dependants
but i am a dependent
2006-07-01 16:33:47 · 10 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
they don't care if you are a dependent. just fill out the form like normal people do. i think there's some benefit if you are a full time student
2006-07-01 16:35:56 · answer #1 · answered by yo~ 3 · 1⤊ 0⤋
just put 0s everywhere. If you live with your parents they are going to be claiming you on their taxes as a dependent. You should put zero though you have no dependents meaning children or someone else you support. and with zero they take out more money and you get back more at the end of the year.
2006-07-01 16:37:08 · answer #2 · answered by Glittergirl 3 · 0⤊ 0⤋
Go to irs.gov which is the website for the IRS.
They have forms listed by number/letter.
When you click on W4, it'll tell you how to
complete it.
Or else call the toll-free phone number they
have on their website to talk to a live person
who can answer your questions.
2006-07-01 16:36:27 · answer #3 · answered by Ivy 3 · 0⤊ 0⤋
As long as taxes are being deducted from your pay, you will be getting a W-2 and you should probably not be alarmed. He probably took out one exemption for you. When you get your W-2 and do your taxes if you feel that you should change your withholdings you lower them to 0 if you believe you should take home more pay and lower the refund. Otherwise leave it alone. The W-4 is more like a worksheet, but you give him authorization to withhold taxes by law.
2016-03-27 00:44:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
basically you put your name and your social security number.
the big thing is whether you put a 0 or a 1 (you can claim yourself as a dependent in some cases.)
if you put O, then the government will take more out of your taxes, but you get a bigger refund when you prepare your taxes (the problem with this is that you are essentially loaning your money to the government interest free.)
if you put 1, they don't take as much taxes out, but you will get a smaller refund when you file your taxes. The advantage to this is that you get more money in each paycheck that you can do....whatever.......
2006-07-01 16:41:02 · answer #5 · answered by nemesis60145 3 · 0⤊ 0⤋
Put 0. file single. at the end of the year when you have to file tazes you will get a little money back.if you claim yourself now and claim 1 you could end up oweing taxes at the end of the year, depending on how much you make. Play it safe and get a small reward at tax time. This is what our tax lady taught my kids.
2006-07-01 16:40:46 · answer #6 · answered by dymond 6 · 0⤊ 0⤋
if someone writes you off as a dependent on THEIR tax return. chances are, if you are living with your folks, you are a dependent. Ask your parents to show you how to fill out the form. Good luck!
2006-07-01 16:37:25 · answer #7 · answered by pullmyfinger 4 · 0⤊ 0⤋
claim 1 if you want to get some money back at tax time..claim exempt if you will not make over 3500.00 from now until Dec 31st
2006-07-01 16:36:55 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Always put zero until you get married because you will need that refund at filing time.
2006-07-01 16:38:11 · answer #9 · answered by John Luke 5 · 0⤊ 0⤋
claim 0 ,0,0 this way u will be eligible for refund
2006-07-01 16:38:54 · answer #10 · answered by Anonymous · 0⤊ 0⤋