2007-03-25 06:10:12 · 5 answers · asked by jimbob 2 in Business & Finance ➔ Taxes ➔ United States
Best way to go is claim 0 on your W4 and claim 1 on your 1040.
2007-03-25 10:34:04 · answer #1 · answered by Ola 4 · 0⤊ 0⤋
If you mean on your tax return (1040), you claim 1 on line 6d, for the check in box 6a.
If you mean withholding allowances, then according to the W-4 instructions, if you have no other income, one job, and you will use the standard deduction, 1 on line A, 1 on line B for a total of 2. You should then either owe a little or pay a little at the end of the year.
2007-03-25 15:03:41 · answer #2 · answered by CarVolunteer 6 · 0⤊ 0⤋
If you want to get the most money during the year, claim 2 or 3. If you want to get a refund at the end of the year (and have more taken out of your paycheck), claim 0.
When you file, you can change the number of dependents to 1.
2007-03-25 13:18:52 · answer #3 · answered by Anonymous · 1⤊ 0⤋
On your W-4, you should claim either single, one allowance or single, zero allowances. If you claim zero, more will be withheld, and you're more likely to get a refund when you file your taxes. Remember that a refund is just getting back your own money because you paid in too much.
2007-03-25 13:31:23 · answer #4 · answered by Judy 7 · 2⤊ 0⤋
You should really claim zero thru out the year. If you don't, you are going to find that you owe the government a heap of money for what you claimed thru out the year. They take a little more out thru the year, but you get most of it back. It is waay better to get something back at the end of the year than to find that you owe the IRS a couple grand on what you collected thru out. Ultimately, it is your choice, but I wouldn't recommend you claiming anything other than zero.
Good 'Luck.
2007-03-25 13:20:49 · answer #5 · answered by Felisha T 1 · 0⤊ 0⤋