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MY job that I worked for last year put me down as single with no dependants, when I had filled a second form that shows my daughter as one of my dependants and me as head of house hold. Do I contact the I R S or my old job to fix this error?

2007-01-28 02:32:31 · 3 answers · asked by Tee 1 in Business & Finance Taxes United States

3 answers

The W4 that you file with your employer only tells them how much tax to withhold. It has no direct bearing on what you claim when you file your tax return. If you claim single and zero on your W4 the largest amout of tax will be withheld, normally resulting in a refund especially if you can file HoH with one or more dependents.

There is no error to fix, especially as it appears that you no longer work for that employer. If too much tax is being withheld by your current employer you only need to file a new Form W4 with them to correct this.

If you are a single parent with a qualifying dependent and receive the EITC you may be able to file for advance payment of the EITC from your current employer. That will increase your take-home pay, sometimes substantially. This doesn't cost your employer anything as they take that advance EITC payment to you as a credit against the payroll taxes that they must pay themselves. Of course if you do do that it will reduce your refund at tax time, but as I said you will get a much larger check on payday and that's probably going to help you quite a bit throughout the year.

To see if this might benefit you, check out this link: http://www.irs.gov/individuals/article/0,,id=96515,00.html and if it does apply to you, file Form W5 with your current employer.

Good luck!

2007-01-28 02:44:54 · answer #1 · answered by Bostonian In MO 7 · 1 0

First, its your W-4 that you give your employer to indicate how much to withhold. Your W-2 is prepared by your employer to report how much you were paid and how much was withhold. The IRS never sees your W-4. In the case your describe, there is no 'error' to fix. Since you no longer work at that job, They have no need to know how much to withhold in the future. The IRS only knows how much was withheld. When you file your return, simply claim the correct filing status and dependents. Your refund will be the difference between your actual tax liability and whatever was withheld. Submit a W-4 to your current employer to have the proper amount withheld from future checks.

2007-01-28 13:25:29 · answer #2 · answered by STEVEN F 7 · 0 0

old boss but you can do it when you file your taxes also. will get more money back.

2007-01-28 10:39:05 · answer #3 · answered by dennis w 1 · 0 1

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