2007-01-07 08:40:40 · 4 answers · asked by hendu2875 1 in Business & Finance ➔ Taxes ➔ United States
I've claimed 0, single on my W-4 when I was married. HR didn't care, and neither does the federal government.
If anything, claiming single on my W-4 penalizes me because my employer withholds at a higher rate than claiming married. Unless my outside earnings (interest, dividends) are large enough that I need more withheld during the year so I don't owe too much at filing time.
AAMOF, you don't have to take all of the exemptions the W-4 worksheet suggests you can take, if you're afraid you might owe something at the end due to underwithholding.
2007-01-08 06:24:23 · answer #1 · answered by CMass Stan 6 · 0⤊ 0⤋
I think you are referring to your w-4 (your w-2 is the form your employer gives you at the end of the year for filing taxes) You can claim anything you want. You can claim 15 on it, but you'll be paying your due come tax time. Married claiming 0 is a good move, because you will most likely not owe any taxes at the end of the year,and maybe even get a refund.
I think the other poster was thinking you are referring to how you will file your taxes, that's an entirely different item. You will file married on your taxes. The form you are referring to is just for how much tax is withheld from your checks.
2007-01-07 16:46:20 · answer #2 · answered by Susie 2 · 2⤊ 1⤋
You can claim anything you want to from 0 - 9. In my state if you claim over 9 you have to prove you have a reason for doing so. It will change the amount of money they take out for taxes. The lower number you claim the more they take out. It all evens out at the end of the year when you file your taxes.
Hypothetically speaking:
If you have to pay in 5000 and you claimed 0, they took out 7000, you will get a 2000 refund.
If you have to pay in 5000, and you claimed 3, they took out 5000, you get nothing, but you owe nothing.
If you have to pay in 5000 and you claimed 9, they took out nothing, you have to pay in 5000.
So you adjust it to whether you want to have a little more money in each paycheck, or if you'd rather have a big refund at the end of the year.
2007-01-07 16:55:07 · answer #3 · answered by sorcergeek 4 · 1⤊ 1⤋
No, you're married, you're NOT single. And you have to claim yourself!
2007-01-07 16:45:19 · answer #4 · answered by Vinegar Taster 7 · 0⤊ 3⤋