uh, i am a little confused ...On my W- 4 should i put 1 for question A and B
I am single , and eventhough i i live with my parents and my one brother , I dn't know if they claim me as dependent ??
i am 25 years old ( yeah i should move out , i know , and Thats the reason why i got this job )
What should I write down ?
2007-12-12 00:57:38 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Put 1. I seriously doubt they claim you as a dependent. And it doesn't really matter in the long run, all the W-4 does is help you to calculate the right amount of withholdings. If you withhold too much, they'll get it from you in April, if you don't then you'll get it back.
2007-12-12 01:02:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Does the government give you more money? Uh, the government refund that you get is only if you overpay your taxes - it's like if you buy $12 worth of items at WalMart and give them a $20 bill, you get $8 back but it isn't like WalMart gave you $8, it's just a return of your overpayment. If you have a second job, it will end up taxed at a higher effective rate than your first job since it'll be taxed from the first dollar - you won't get another exemption and standard deduction. The tax rate will start wherever your first job left off. Put zero allowances on the W-4 for your second job. You don't "save money" by including the two jobs in the "multiple jobs" section. You either pay through the year with withholding from your paychecks, or pay at the end - you'll owe the same total tax either way.
2016-04-08 22:33:13 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You are 25, so if your total income for the year is over $3400 your parents can't claim you as a dependent even if you lived with them all year, and no matter how much of your support they provided.
Write one for both lines, and you'll come pretty close to breaking even on taxes - either get a very small refund or owe a little but not much.
2007-12-12 03:15:44 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Skip the questions.
If you put single 0 the most taxes will be witheld from your check.
With each exemption, 1, 2 etc, they withold less taxes
You may end up owing money at year end if you dont claim zero.
2007-12-12 01:19:53 · answer #4 · answered by hirebookkeeper 6 · 0⤊ 1⤋
You should claim yourself as 1.
Your parents cannot or should not be claiming you as a dependent.
2007-12-12 01:02:47 · answer #5 · answered by ed 7 · 1⤊ 0⤋