I have so much taken out of my check each week, but I'm so afraid of owing at the end of the year. I wouldn't mind breaking even. Any suggestions?
2007-12-13 07:37:47 · 6 answers · asked by Heather J 1 in Business & Finance ➔ Taxes ➔ United States
If you claim Single and 2 you should just about break even. If you owe anything it would normally be less than $100.00.
2007-12-13 08:14:13 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you want a small refund, claim 2. If you want to owe a small amount, then claim 3.
This is based upon IRS Publication 15.
2007-12-13 18:14:03 · answer #2 · answered by Steve 6 · 0⤊ 0⤋
Single, one allowance. You'll get a small refund. You might be able to get away with single/two if you only have one job, but you do take a chance on having to pay a little.
2007-12-13 22:00:23 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Single 1 should leave you a nice refund.
2007-12-13 15:44:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
H&R Block has a "W-4 Calculator" that will tell you exactly what you should claim. The only problem is with any fluctuations on income (OT, 2nd job, etc). But it has been accurate for me.
www.hrblock.com
2007-12-13 15:43:19 · answer #5 · answered by m 3 · 0⤊ 0⤋
Claim "single" status with one exemption (yourself).
2007-12-13 15:41:25 · answer #6 · answered by npk 7 · 1⤊ 0⤋