Is it good to claim your spouse for your W-4?

Answer 1

If the spouse is employed, he should claim himself on his own W-4. If he's not working, claim him on yours. Put the extra money in a savings account at a bank or credit union. Ideally, you should have it automatically deducted and deposited in the savings account so you never miss it, but that option depends on your employer offering that option.

With your W-4 properly completed, you should either get a small refund or owe a small amount of tax, less than $50 either way. If you owe, pull some money out of the savings account to cover it. You can let the rest of the money ride to save up for a car or the down payment on a house or take it out and feel like you've won the lottery.

Answer 2

It depends on whether you want a slightly larger paycheck throughout the year, and risk having to pay additional income tax, or a refund when tax time comes around. I always claim 0 dependants, because that way I get a bigger amount of money at one time. A few dollars a pay period doesn't seem like a big deal, but when it's added up at once, I feel like I've just won the lottery!

Answer 3

It depends on your household income for the year. If the both of you make a lot of money, it's best to file 0. If you need a little more money during pay day, then you should put 1 or 2. I would suggest stating 0 to prevent paying taxes.

Answer 4

The truth is, it will depend on the results you get from filing out the worksheet on the back of the W-4.

Answer 5

The best answer is to estimate your actually tax liability first. Then use withholding tables to determine the number of exemptions that most closely matches your withholding to that amount. Ingnore the worksheet on the form completely.

Answer 6

does she work? if you guys are working , and no kids, don't claim her, but if you work, and she does not, claim her.

Answer 7

yes it is, unless you want to give IRS loan free interest.