what value needs to go in here
2006-09-26 05:49:26 · 3 answers · asked by shravan_sundaram 2 in Business & Finance ➔ Taxes ➔ United States
How many are your dependent including yourself. E.g. if you are single 1 or 0, if married 2 or less etc. The lower the number the more the fed gov. will withold from your paycheck. If you owe them money at the end of the year you will need to pay, if not you would get a return.
Here is a calculator so you can see. It is really good one, goes by state.
http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp
2006-09-26 05:53:25 · answer #1 · answered by jo_anna1 2 · 0⤊ 0⤋
Federal Allowances
2016-10-08 11:32:38 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You can claim one exemption for every $2000 in deductions that you plan on having.
However, you can claim any number that you want. If you want a refund at the end of the year, claim less. If you want to pay at the end of the year, the claim more. But, don't claim to many or you could pay a penalty.
2006-09-26 12:48:44 · answer #3 · answered by Steve 6 · 0⤊ 0⤋
if it is just you, 1.
Are you married?
File jointly or seperate?
How many kids do you have? you can claim each on as a dependent if no one else does.
2006-09-27 08:47:50 · answer #4 · answered by littlebettycrocker 4 · 1⤊ 0⤋
Depends on many factors. There is a calculator you can use online at:
http://www.irs.gov/individuals/article/0,,id=96196,00.html
2006-09-27 09:45:26 · answer #5 · answered by Dee 4 · 0⤊ 0⤋