My financial and living situation has recently changed, and I checked the federal tax website. The website says I get 11 exemptions. I need to contact my employer to let them know, but where on the form do you put your exemptions. Do you have to specify, or do you just put a number? I am not stupid, I promise. I just forget what the W-4 even looks like at this second. Thanks!!
2007-11-14 07:05:09 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You can print a W-4 from IRS.gov fill it out and give it to your employer, they are required to let you change it every payperiod if you wish,,, so they'll give you no problems,
2007-11-14 07:18:16 · answer #1 · answered by rob b 3 · 0⤊ 0⤋
I would be very careful about claiming 11 exemptions. You will have less money withheld, and more available at the end of the year. But what will your final tax bill be like when you file your income taxes? You should only claim the number of exemptions that you are legally entitle to. So are you saying that you are claiming yourself, a spouse, and nine children?
Also be ready to prove your 11 exemptions because the IRS will probably be notified by your employer which is required by law. To change your W4 form, go to your payroll clerk and complete a new W4 form, Line 5.
2007-11-14 23:15:29 · answer #2 · answered by Gary 5 · 0⤊ 0⤋
It's line #5 on the W-4 form. Get a new form from your HR manager and complete the bottom part - name, address, etc. Change line #5 to the number of exemptions you wish to claim. Sign and date the bottom. Return to your HR manager. Any questions regarding how many exemptions to claim should be forwarded to your tax preparer.
2007-11-14 07:17:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
1. The form is at http://www.irs.gov/pub/irs-pdf/fw4.pdf
2. You put the number of "allowances" on line 5 of the form. For technical reasons, this form does not call them exemptions.
3. You do not specify. You just give the numbers.
4. Recheck that 11 is correct. That is very high.
2007-11-14 08:52:19 · answer #4 · answered by StephenWeinstein 7 · 0⤊ 0⤋
You change the exemptions by filling out a new W-4 form. Go to HR and request a new one. The changes should hit your paycheck in about a month.
2007-11-14 10:44:22 · answer #5 · answered by Steve 6 · 0⤊ 0⤋
You just put a number, don't have to say how you got it. But be sure you don't claim more than you are entitled to.
By the way, on the W-4 they're called allowances, not exemptions.
2007-11-14 15:00:55 · answer #6 · answered by Judy 7 · 0⤊ 0⤋
You don't have to specify WHO your exemptions are... just the number you want to claim.
Ask someone in your HR if you have more detailed questions.
2007-11-14 07:11:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋