should i claim 0 or one on taxes.? there are oly 2 dependents to help get money back?

Question

should i claim dependents? to help not to have to pay.only 2 dependents

Answer 1

Claim o and they take out more tax than is needed and will probably help you to get money back.

Answer 2

You should probably claim 0 on your W-4. If you claim that, more $$ will be taken from your paycheck which will help go towards the liability owed to the government for your taxes, both state and feds. Think of it as a savings acct. Claiming 0 doesn't guarantee a refund at the end of the year, but it does give a better chance to do so. If you claim dependents, less money is taken from paycheck towards taxes. You can also change your W-4 at anytime during the year if you have already started claiming more than 0.

Answer 3

If you manage your money well, why would you every want to give the government a free loan? Claim the right number of dependents on your W-4 so that just enough taxes are taken from you check to cover your tax obligation. Personally, I'd rather keep as much in my pocket and even pay at the end of the year if I had to so that the money is working for me. You do want to avoid claiming too little on your W-4 to the point where you could be fined for having not paid enough throughout the year. Perhaps you should seek the advise of a tax adviser.

Those who think that get all excited about getting a bunch of money back, and then file with an organization so they get their money immediately do realize that not only did they pay 20% + to get their money early, they gave the government a free loan on that money. The ideal situation is to not get anything back and not have to pay anything at tax time. But If I had to choose, I'd rather pay more and earn 5 - 10% on the money during the year. But that is just me.

Answer 4

On your taxes you need to file truthfully that there are 2 dependents and you also have to list their social security numbers.

However, on your W2 information and deductions at work, you
can change your deduction amount to 1 or 0 in order for your
employer to take more out of your check - thus getting more back when you file.
The only thing is - why would you want to give the government your money when you could put what you would give them into a savings account and have it gather interest?
A lot of people think that they are getting extra money back - whereas actually they are only getting a portion of it back.
The best thing you can do, is to do the math and figure out how much they would deduct from your pay versus what you would get back in a refund.

Answer 5

You should claim 0 because if you claim even 1 there is a possibility you will have to pay in.
You'll get money at the end of the year.

Answer 6

if you claim 0 they take more money out and you have a better chance at a big refund. but if you claim 2 you will get more money up front and take the chance of paying some back later.

Answer 7

if ur talking about when u file ur taxes then u should claim ur dependants,, u will get more money back.. if ur talking about when u fill out ur w-4 form for your employer each year, that affects how much ur employer will hold out of each check as fed taxes,, the more dependents u claim on it, the less fed taxes ur employer will hold out, making u get less of a refund at end of year, but ur check will be more each week.. good luck

Answer 8

It all depends. If you are good at saving your own money, then no-- claim the actual #. If you suck at saving money (just be honest), then claiming zero will provide you with a nice little check next year.

Answer 9

Yes, then you get more back at the end of the year.

Answer 10

0, then they take out more but you should get money back.