carrying him and he won't have to pay anthing its a part time job he's 16 sorry if i rambled thanks in ad vance
2007-07-28 05:27:59 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
you did not answer my question all the way does he put down 0 or exempt
2007-07-28 05:47:37 · update #1
In order to determine the correct answer to your question it would be necessary to know what the potential earnings are. If it is likely that he will make more than $5,350 he should claim 0. If he is sure that he wil make less than $5,350, exempt will be fine.
2007-07-28 06:18:19 · answer #1 · answered by ? 6 · 4⤊ 0⤋
When my son started working, he put down 0 for his allowances on his W4. I still claimed him as a dependent too on my tax return. My son only had a part-time job and ended up getting whatever he paid in taxes during the year ALL BACK when he did his tax return (1040EZ). If your son wants a little more now on his paycheck and not as much taken out, he can claim 1 allowance instead of 0. My kids have never claimed exempt but have always gotten back a small refund (usually under $100) when they filed a return.
2007-07-28 14:44:40 · answer #2 · answered by MarineMom 6 · 0⤊ 0⤋
It depends on how much he's going to make for the year. If he will make under around $5200 for the year, he can put down "EXEMPT" on his W-4. If he's making more than that, he should put down single/zero.
2007-07-28 19:44:56 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
He will still be a dependant on your taxes. For him, he will still have to file taxes if he makes over $6,400 at his new job. Even if he doesn't make that much, he might want to file in order to get back some of the taxes that were taken out since he will be taxed at a lower rate being a dependant.
2007-07-28 12:36:20 · answer #4 · answered by Andrea B 3 · 0⤊ 2⤋