2007-12-27 10:51:54 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Claiming MORE on your W-4 results in less money WITHHELD for taxes. It makes ZERO difference on the taxes you actually owe the IRS. If you don't have enough withheld, you have to write a check when you file your return.
2007-12-27 11:13:27 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
Assuming that you mean on your W-4, the less allowances that you claim, the more taxes will be withheld from your paycheck.
Read IRS Publication 15 for more details.
2007-12-27 10:56:37 · answer #2 · answered by Steve 6 · 1⤊ 0⤋
Depends on your income. It can be anything from zero up to over $1000 in withholding diffrerence over the year. For most people it would be around $500-600 difference, or about $10 a week.
2007-12-27 13:46:08 · answer #3 · answered by Judy 7 · 0⤊ 0⤋