Okay, I live with two roommates and I claimed 3 exemptions on my forms. I just started a new job in August, and I will only make about 16,000. So my question is will I owe the government and if so is there any way to owe less?
2007-10-05 13:00:15 · 3 answers · asked by disabledgrl 3 in Business & Finance ➔ Taxes ➔ United States
Wow sorry for being so vague...I did not claim my roommates on my taxes. I claimed myself as single and head of household. That gave me the three exemptions. And fyi I did not have a job before this one. I was on SSI.
2007-10-05 13:13:12 · update #1
Depending on how much your SSI benefits are, you may owe taxes on your benefits. Start on page 28 of the link below.
If your benefits are not taxable, you may owe a small amount of tax if you claim 3 exemptions. However, if your benefits are taxable, then you should claim less.
2007-10-06 02:07:58 · answer #1 · answered by Steve 6 · 0⤊ 0⤋
Why did you claim three exemptions? Having two roommates doesn't make them your dependents and allow you to claim exemptions for them. If that's what you did, you most likely will owe at the end of the year, maybe over $600 but you don't really give enough info to tell. You could owe less by having extra taken out of your paychecks for the rest of the year - there's a place on your W-4 form to request that.
If you give more info about the three allowances you claimed, and if you had another job before you started this one in August, and if the $16K is total income for the year or just from this new job, you'll get a better answer.
2007-10-05 13:07:54 · answer #2 · answered by Judy 7 · 1⤊ 1⤋
You can not claim yourself as "Single" and "Head of Household". You can only claim "Head of Household" if you have either a qualifying child or relative indicated on your tax return. You should be claiming the single status.
2007-10-08 00:35:27 · answer #3 · answered by Gary 5 · 0⤊ 0⤋