2007-01-23 03:16:20 · 3 answers · asked by rubba 2 in Business & Finance ➔ Personal Finance
File a new W-4 with your employer.
2007-01-23 03:32:22 · answer #1 · answered by Nusha 5 · 0⤊ 0⤋
Claim more dependents. Ask the people who do payroll for a new tax withholding form for 2007. You can expect about 10% more for each dependent you claim. Unfortunately, if you don't have the deductions at the end of the year you will most likely not have paid in enough to cover the taxes you owe.
2007-01-23 03:54:23 · answer #2 · answered by Sunny_1_ 3 · 0⤊ 0⤋
You can file a new W-4, but if you have no deductions to base it on, you'll end up owing big at tax time.
The correct way to do it is to increase your tax deductions and tax credits, and then adjust your w-4 to a reasonable level.
Your next question would probably be "how to a increase my tax deductions and tax credits?".
2007-01-23 05:42:26 · answer #3 · answered by Quixotic 3 · 0⤊ 0⤋