Claim Dependent On W4 In Allegheny
Description
Form popularity
FAQ
1 – Choose the right filing status. Your filing status has a major impact on how much tax you owe. 2 – Make the most of tax deductions. 3 – Take advantage of tax credits. 4 – There's still time to contribute to an IRA.
You can claim either 0 or 1 on your W-4. It won't create problems with the IRS, it will just determine how much you'll get back on your tax return next year. If you claim 0, you will get less back on paychecks and more back on your tax refund.
If, for example, you have three children under 17, enter $6,000 on the first blank line. If you have other qualified dependents, you can multiply the number of them by $500 and enter this amount in the second blank line of this section. Add these two figures together and enter the sum on line 3.
