2006-09-30 02:26:45 · 6 answers · asked by marvinick 1 in Business & Finance ➔ Taxes ➔ United States
On your W-4 you can elect to have taxes withheld as either a single person or a married person. Maybe this online withholding calculator will help.
http://www.irs.gov/individuals/article/0,,id=96196,00.html
Really the best way to determine what your W-4 should say is how your taxes ended up last year (assuming your circumstances are the same). You can look at the withholding tables to compare what you are now on your W-4 to what you are thinking of changing it to.
http://www.irs.gov/pub/irs-pdf/p15.pdf (starts on page 38)
Good luck. If you are still unsure, you might have to visit a tax pro.
2006-09-30 03:04:14 · answer #1 · answered by Dee 4 · 0⤊ 0⤋
You may claim what ever you want on a withholding allowance but it won't change what tax you end up owing.
You can use the with holding to adjust so that you come closer to paying in the right amount of taxes due. Other factors come into play for you final tax bill. You may have deduct able expenses, medical, interest, taxes etc that come in to play when you file.
so then you could claim a higher allowance.
Most cases would involve wanting to decrease exemptions to cover for more taxes due. Extra income like from interest or a second job, being married etc, which would mean more taxes due on filing.
If you claim to many & end up owing taxes at the end of the year you can be fined or penalized on the amount you are short.
Look at it as duing what ever you want but at the end of the year you have to balance it all out when you file your taxes.
Then you will have to file as either single or head of houshold.
2006-09-30 03:03:33 · answer #2 · answered by Floyd B 5 · 0⤊ 1⤋
If by single you mean you live alone, no you can't. You have to have a household to be head of it, and there are even restriction in what constitutes hhead of household. Not to say you can't put whatever you want on a W-4, but it would increase your tax liability and you might end up having to pay at the end of the year if it's not true.
2006-09-30 03:31:29 · answer #3 · answered by misslabeled 7 · 0⤊ 0⤋
Head of kin is computerized audit. Qualifying relative regulations: no longer a qualifying newborn - The depending won't be able to be a qualifying newborn of yet another taxpayer. Gross earnings – The depending earns lower than the own exemption volume in the course of the twelve months. For 2007, this skill the depending earns lower than $3,four hundred. entire help – You grant more suitable than 1/2 of the depending's entire help in the course of the twelve months. relationship – you're on the concern of the depending especially procedures. Joint go back – If the depending is married, the depending can not record a joint go back at the same time with his or her significant different. Citizenship – The depending should be a citizen or resident alien of u.s., Canada, or Mexico.
2016-12-04 01:36:55 · answer #4 · answered by ? 4 · 0⤊ 0⤋
In order to be "Head of household" you have to be Head of someone and not your self. In another word who are you supporting more than 50% of that person life style. and Don't say your cat. Unless your cat has a social security number.
2006-09-30 04:26:31 · answer #5 · answered by Kenshin 5 · 0⤊ 0⤋
you are either one or the other
2006-09-30 02:30:06 · answer #6 · answered by lm050254 5 · 1⤊ 0⤋