Tax question - I have 2 kids. My husband claims married and 3. Can I claim married and 2 when he has already claimed them? I'm trying to get less money taken out of each check through the year.
2006-10-02 06:07:05 · 7 answers · asked by ;lij;klj;lkj;lkjlk;j 1 in Business & Finance ➔ Taxes ➔ United States
On the W-4s, you and your husband can both declare 3-4 exemptions if you want. However, if you owe a big balance at the end of the year, there might be a penalty. It would be difficult for IRS to make their case that you intentionally "lie" on your W4.
If your kids are under the age of 17 by the end of the year, I would suggest that you claim Child Tax Credit instead of using number of exemptions to increase your pay check.
Best wishes.
2006-10-02 08:00:22 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
You can claim them on your W-4 (withholding) to get a bigger net paycheck, but you could be putting yourself at risk for owing at the end of the year. A good general rule is for the higher salary to put what the situation is, and for the lower salary to claim "0". The reason for this is that the tax tables are calculated as, for example, your husband's pay is the only salary for the household. If you work, then the tax tables are calculated as if your salary is the only one in the household. But when you combine the salaries, you are often in a higher tax bracket.
I have seen situations where a wife gets a small part time job to help out, doesn't have withholding taken out (or has very little), and then they realize that the job cost them more than she made. I would suggest claiming "0".
2006-10-02 13:43:39 · answer #2 · answered by Dee 4 · 0⤊ 0⤋
You can claim whatever you want for your payroll taxes through out the year - I think were the other answers that I read were getting confused is that you cannot claim kids twice on you tax return at the end of the year but if you and your husband file a joint return that problem would never come up. You can file any number of dependants you want on you paycheck - that is NOT claiming children twice!! (It's annoying when people ignorantly answer questions and giving people false information about such important things!!)
2006-10-03 14:52:32 · answer #3 · answered by suzieh212006 2 · 0⤊ 0⤋
You can claim anything for taxes to be taken OUT of your paycheck. All the way up to Married9. You can claim married0 if you wanted. That would take the most out of the paycheck and gives you a better chance of getting SOMETHING back from Uncle Sam.
When it comes to filing your tax return, that is something different. Between the 2 of you, you can only claim 2 children
2006-10-02 13:16:06 · answer #4 · answered by 1loopyferretpsycho 3 · 1⤊ 0⤋
As a general rule, you can claim one exemption on your W-4 for every $2000 in deductions that you plan to have. Since your husband has already claimed 3 exemptions, he has $6000 in deductions covered. Assuming that you file a joint tax return, you will have at least $23000 in dedcuctions. That leaves you with 8 exemptions that you can claim.
2006-10-02 19:52:47 · answer #5 · answered by Steve 6 · 0⤊ 0⤋
W-4 question depends on AGI, not just on how many kids. I need more information.
2006-10-02 13:54:54 · answer #6 · answered by Kenshin 5 · 0⤊ 0⤋
No, you can not claim them twice.
2006-10-02 13:09:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋