is it better to claim 0 or 4 dependents on your paycheck or at the end of the year??

Answer 1

Go to www.irs.gov, individual, withholding calculator, work through the prompts and you will get an accurate withholding.

The best thing for any person to do, is to withhold as close to zero (refund/bal due). This way you are using your own money and not lending it to the Government interest free. If this is how you "save" money, have your employer divert a certain amount into a savings account at each paycheck.

good luck & bless

Answer 2

At the end of the year,0.If I had 4 I would claim 2, if you claim 0 they will take a lot out of your check each week.

Answer 3

It depends on you as an individual, if you want more money to spend during the year, better claim 2 or 4 on your W4, but if you will like a large refund after filing your taxes, claim 0, as a lot of money will be withheld from your income as tax.

Answer 4

Is it better for you to let the IRS, hold your money for you, and not let you earn interest with it in a savings account? Instead of sending the IRS a portion of your paycheck,every pay period,why don't you just put it in savings? If you must have a big refund at the end of the year, just go take it out of your savings, all at one time, +savings interest!!

Answer 5

if you want extra money each check, claim 4. If you want a big check sent back to you after you file once a year, claim 0.

Answer 6

The more dependents you claim, the more they will take out of yourn check. It depends on your situation if you want more money in yur chekc each week or a refund on your tax return

Answer 7

At the end of the year you will get a large refund.

Answer 8

claim 70000 dependents