get the money now that I have already accrued? If so how do I go about doing that?
2006-08-26 12:22:01 · 8 answers · asked by ... 3 in Business & Finance ➔ Taxes ➔ United States
If you received a refund of all withholding last year and expect to receive a refund of all withholding this year, you can claim 'exempt on your W-4. The link below is am IRS publication on withholding. My answer comes directly off the W-4 form included in that publication.
You can't get back what has already been withheld early, but you can stop the withholding.
2006-08-27 06:49:40 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
No, that's not likely. You can only file a return after the tax year is over because there's no telling what you might get in the closing months. What if you win the lotto? Get a big bonus? You have to wait until all the bets are in, as it were, before you can start asking for any overages back.
If you always get your withholding back, you might consider changing your W-4 because too much is being withheld. But if you like getting that chunk back, don't mess with it.
2006-08-26 19:44:09 · answer #2 · answered by misslabeled 7 · 0⤊ 2⤋
You could go the your employer and change your W-4 to take out less withholding and that would increase your take home pay. You always run the chance of not having enough at the end of the year so be careful.
2006-08-26 19:32:03 · answer #3 · answered by ? 6 · 0⤊ 0⤋
Since tax laws change all of the time it would be best to file like you usually do and hope you continue to get all of your federal taxes back*
2006-08-26 20:01:39 · answer #4 · answered by Ilovechristjesustheking 3 · 1⤊ 1⤋
If you receive Earned Income Credit when you file your taxes, you may file a form with your employer for Advanced Earned Income Credit.
Go to www.irs.gov and read the information to determine if you qualify.
Good luck!
Will D
Enterprise AL
http://www.notagz.com
2006-08-26 19:28:00 · answer #5 · answered by Will D 4 · 0⤊ 1⤋
No, unfortunately you can't get that money now but you could change the number of deductions you take on your w-2 form to keep more of your money now.If you qualify for the earned income credit you can sometimes receive payments from that from that from your employer sometimes not exactly sure how it works I wouldn't do that myself because what you would get extra a week wouldn't be as nice as that lump sum is in February. .
2006-08-26 19:35:49 · answer #6 · answered by Anonymous · 0⤊ 2⤋
No, unfortunately that's not possible. You have to wait unti lthe earliest time that you can file your return for the previous tax year.
2006-08-26 19:26:45 · answer #7 · answered by ? 5 · 0⤊ 0⤋
No baby they want to use your money for as long as they can.
2006-08-26 19:27:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋