2007-10-11 06:30:07 · 9 answers · asked by Megan H 1 in Business & Finance ➔ Taxes ➔ United States
I'm single with no children. Do I claim 1 or 0 then?
2007-10-11 06:35:33 · update #1
You can claim Single 0 or Single 1. Single 1 will have less tax taken out now but you may end up owing later. If you choose Single 0, you have more taken out now and will likely get a refund later.
2007-10-11 06:51:27 · answer #1 · answered by Cat375 3 · 2⤊ 0⤋
You mean on W4. Always claim the right number of allowances.
If you put more allowances on your W4, your employer will withhold less federal and state taxes from your pay check, but your social security and medicare deductions don't change.
In January 2008 your employer will send you a form W2. It shows your total income and amounts withheld for various accounts (SE tax, federal tax, state tax...).
You will need to file your federal and state income tax return in 2008 by April 15, 2008. If on W2 you paid less federal taxes than your federal tax liability as per your return, then you must make the payment. You may also be required to pay interest and penalty.
2007-10-11 06:43:04 · answer #2 · answered by MukatA 6 · 0⤊ 0⤋
if you only have a w-2 paycheck job and n other income and if you don't want to owe any taxes - file single - 1 or 0. any more than that and you could wind up owing taxes come tax return time
2007-10-11 08:44:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The more you claim, the less they take.
I do 0, so I don't owe at the end of the year.
My kids are grown and gone, so no tax credits for me!
2007-10-11 06:38:06 · answer #4 · answered by shewolf 3 · 0⤊ 0⤋
Single with no children, claim single/1. If you just have one job, you could legally claim single/2, but you might end up owing a little when you file your taxes.
2007-10-11 06:40:42 · answer #5 · answered by Judy 7 · 3⤊ 0⤋
The more deductions you claim, the more you get in your check. But be careful, if you claim too many, you may have to pay when you file your taxes.
2007-10-11 06:33:37 · answer #6 · answered by Jessie H 6 · 0⤊ 0⤋
The more you claim, the less taxes are taken.
2007-10-11 08:06:41 · answer #7 · answered by StephenWeinstein 7 · 0⤊ 0⤋
The most dependents you will legally claim at tax time
2007-10-11 06:33:35 · answer #8 · answered by wizjp 7 · 0⤊ 0⤋
if I am divorced so single, do I put single with one job, and head of household . also if I pay for half my daughters college tuition do I put a one in child care deductions?
2015-03-09 05:17:08 · answer #9 · answered by Cristin 1 · 0⤊ 0⤋