2007-02-15 08:00:05 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
You can go to IRS.gov and search "Withholdings calculator" and it is a good tool to determine how many exemptions you should claim in order for your withholdings to break even with your tax liability. All you have to do is estimate some of your expenses for the year, and estimate what your gross wages will be.
2007-02-15 09:44:30 · answer #1 · answered by Paul A 2 · 1⤊ 0⤋
If you mean break even in the sense that when you file your taxes at the end of the year, you do not owe anything, nor do you get a refund, then make sure your withholding throughout the year will cover your tax liability.
2007-02-15 08:07:41 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
If you are referring to not having to pay any taxes in April, withhold enough during the year.
Hey, "goose& tonic" - it's a W-4 that is completed to change withholding. You get a W-2 to file your tax return.
2007-02-15 15:22:50 · answer #3 · answered by Dizney 5 · 0⤊ 0⤋
I assume you mean so that you don't owe any at the end of the year... simply change your W2 so that you have more withheld from your check (instead of claiming 1 or 2, claim 0 or 1, for example).
2007-02-15 08:08:02 · answer #4 · answered by Goose&Tonic 6 · 0⤊ 2⤋
pretend you have anxiety and cancer
2007-02-15 08:07:08 · answer #5 · answered by larry j 1 · 0⤊ 3⤋