2007-01-29 09:01:29 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
There's no pat answer to your question. Fill out the worksheet on the W4 and see. If you want a refund, take one less exemption. If you want to owe the IRS a little, leave it the way it comes out. Typically, single people without a home file Single, 0 Exemptions. Add one for a kid, if your spouse doesn't work. Add one or so if you own your own home. Subtract one if your spouse works.
2007-02-02 08:12:38 · answer #1 · answered by Scott K 7 · 0⤊ 0⤋
If you are totally disciplined and would put it in savings and NOT touch it except to pay taxes . . .
None .
If you are like most people and burn thru $$ like a 15 yr old . . . have them take out the max , so that you will not need to make more payments on April 15th -
otherwise you going to jail.
2007-01-29 17:08:51 · answer #2 · answered by kate 7 · 0⤊ 0⤋
Depends on your total income/bracket. Get yourself an excellent CPA (certified public accountant) who is very sharp and stays on top of the tax laws and regulations.
2007-01-29 17:07:16 · answer #3 · answered by Phoenix Rising 3 · 0⤊ 0⤋
Generally about 25% to cover what you'd owe during the year.
2007-01-29 17:04:01 · answer #4 · answered by Jolly 7 · 0⤊ 1⤋
Rule of thumb, one third of your earnings.
2007-01-29 17:34:45 · answer #5 · answered by drwbama 2 · 0⤊ 1⤋