my employer has my cks as married deductions not single. so if i get more of a refund at years end...i wont bother to change it to single. god...not sure how many he has me clainming...
2006-09-09 15:22:12 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
It sounds like you are referring to claiming withholding exemptions. In that case, they will withhold more if you claim "single", so you will get a bigger refund if you do that.
A tax planner will tell you your goal SHOULD be to have a refund of zero, so that you can save the extra money in an account that earns interest, rather than let the government use your money.
2006-09-09 15:31:33 · answer #1 · answered by boj12345 2 · 1⤊ 0⤋
You don't have a choice between 'single' and 'married' when you file your income tax return. You seem to be referring to your W-4. This is the form your employer uses to determine the amount to withhold and is not reported to the IRS. A filing status of 'single' usually results in more withholding. More withholding = more refund assuming the same tax liability.
2006-09-10 08:58:20 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
First- you filed your own W4 when you started to work there so whatever is being deducted is because of what you wrote
Second- it makes no difference what's being deducted, if you are not married you file single unless you have a child than you file Head of Household
2006-09-09 15:31:19 · answer #3 · answered by pdudenhefer 4 · 1⤊ 0⤋
I agree with above
2006-09-09 15:36:40 · answer #4 · answered by buffywalnuts 4 · 0⤊ 1⤋