Approx how much extra money do you get in your paycheck when you increase your allowances?

Answer 1

Why guess.....go to the following, and starting on page 39 you can see exactly what the withholding is for your filing status & number of allowances.

Read the heading on the pages to locate the chart that applies to you (i.e. single paid weekly versus married paid biweekly). You can see exactly how your withholding per pay period will increase if you change your allowances.

http://www.irs.gov/pub/irs-pdf/p15.pdf

Answer 2

as being in the less than $10,000 a year range, it increases the percentage of money that comes back to you by roughly 3-5% each exemption you claim. for instance, as being a single person no kids myself, if i claim 2 exemptions, i get roughly 81% of my check back, but if i claim 3 exemptions, then i get roughly 85% back. it all works out, because i make such a menial amout, that when i file for a refund in april, i usually get an earned income credit which diminishes if i claim more exemptions during the year.

Answer 3

Well, that would depend on how much you make and which tax bracket you fall into.

http://www.irs.gov/individuals/page/0,,id=14806,00.html