2007-03-06 15:05:48 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
0 takes out more money but you will get more back at the end of the year, unless you own, which would still make it less. Claiming 1 2, etc would take less taxes out each paycheck.
2007-03-06 15:12:25 · answer #1 · answered by TP2001 2 · 0⤊ 0⤋
1
2007-03-06 15:21:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's a W-4 form. Filing zero allowances will take out more money than filing 1.
2007-03-06 15:24:13 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
You need to fill out the W-4 form you can always change it. Claim yourself (1) read the form and check everything that applies to you. Also, you can file exempt and paid the taxes later or just file for 4-6 months and ask for another W-4 form to change it. Read carefully. You can get a much money now and pay later or have them take money now. Live now or later. Pay now or later.
2007-03-06 15:11:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It depends on your situation. If you are single, put 0. If you have a house with mortgage (many deductions) then put 1. If you are married to a non-working spouse put 1. If you have young kids or in college (wheny ou pay the tuition) you can put 2-3. The situation you do not want is to owe. Make sure to not over claim dependents on your W-4
2007-03-06 15:22:24 · answer #5 · answered by azchtou 3 · 0⤊ 0⤋
single 0 takes out the most and if you want you can have more taken out each check there is a box for that on the form too
2007-03-06 15:09:49 · answer #6 · answered by bubbles 5 · 0⤊ 0⤋
do you want the money now or do you want the gov too pay you later. look it all depends on your situation if you want more next year claim 0 however if you need more now claim 1 or more recieve less later. claim one or more now get more on your paycheck. claim 0 wait till next year for that extra money
2007-03-06 15:18:21 · answer #7 · answered by Anonymous · 0⤊ 0⤋