My friend is telling me to claim more so that you get more back in your check and then switch it back after the wedding...
I have no idea about this.
SoonToBeMrsFox
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Member since
Re: NWR: How many do you claim?
i claim 0.
mybabylovesmoi
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Member since
Re: NWR: How many do you claim?
I claim 0. Be careful, you will get more in your paycheck now but will owe come tax time.
My first year of working I had claimed 6 (No clue why or how) and I owed 2200. Such a shock I wasn't expecting!!!
Now I always get a nice refund since I claim 0.
adelz
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Member since
Re: NWR: How many do you claim?
I claim 0 and always get a nice refund.
AngnShaun
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Re: NWR: How many do you claim?
0... if you claim more you get more each check but then you wont get as much back when you do your taxes... is your friend a tax professional?
bartgirl12
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Member since
Re: NWR: How many do you claim?
It's always recommended to claim 0 while you still can
Jesebelle
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Re: NWR: How many do you claim?
Claim 0. This way you are more likely to get a refund. If you claim more, you might have to pay.
VCanizalez
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Member since
Re: NWR: How many do you claim?
Claim 0.. Stupid me claimed 2 and they took Money from me!!! I own $ to the state! =-(
Notwedyet08
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Member since
Re: NWR: How many do you claim?
If you work only 1 job & have deductions (home or student loan interest) you'd probably be OK claiming 1.
If you claim 0 then usually a little more than necessary is taken out and you'll almost always get a refund.
I've read up on Suze Ormans opinion on this though. She doesn't believe in the government taking out more than necessary-you should take out exactly what you need. You can use the W4 withholding calculator on the IRS.GOV website to truly see what you should claim. Suze's take on it is that by taking out MORE than necessary; you're giving the government an interest free loan on YOUR money. And if you can; take just what you need out of your pay for taxes; and use that 'extra' money you're getting each pay period and put it into a savings account gaining interest. Just in case you end up owing you should ideally have the money on hand to pay it.
SoonToBeMrsCali
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Member since
Re: NWR: How many do you claim?
Right now, I claim 0 or 1 I can't remember... And he suggested I change it until November ... then change it back since we need the extra $$ now
HSsweethearts
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Member since
Re: NWR: How many do you claim?
I claim 1. Why give the government an interest free loan with my money?
Chanwich
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Member since
Re: NWR: How many do you claim?
I claim 1. I never get much back, I think I got $100 back this year, but I never owe!
kimmaymb20
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Member since
Re: NWR: How many do you claim?
I claim myself. so 1 and since I do I get MORE back at the end of the year then I was with 0
SoonToBeMrsCali
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Member since
Re: NWR: How many do you claim?
Thanks for all the input ladies!
Yankeeelove
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Member since
Re: NWR: How many do you claim?
I always claim 0
Moonmist09
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Member since
Re: NWR: How many do you claim?
always claim 0
BrideToBe2011
Posted:
Member since
Re: NWR: How many do you claim?
Posted by Notwedyet08
If you work only 1 job & have deductions (home or student loan interest) you'd probably be OK claiming 1.
If you claim 0 then usually a little more than necessary is taken out and you'll almost always get a refund.
I've read up on Suze Ormans opinion on this though. She doesn't believe in the government taking out more than necessary-you should take out exactly what you need. You can use the W4 withholding calculator on the IRS.GOV website to truly see what you should claim. Suze's take on it is that by taking out MORE than necessary; you're giving the government an interest free loan on YOUR money. And if you can; take just what you need out of your pay for taxes; and use that 'extra' money you're getting each pay period and put it into a savings account gaining interest. Just in case you end up owing you should ideally have the money on hand to pay it.
This 100%, makes no sense to let the gvt use your money interest free! I've always claimed 1, now that I have a mortgage & deductions I'm moving up to 2.
FutureJOC
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Member since
Re: NWR: How many do you claim?
Posted by SoonToBeMrsFox
i claim 0.
same
IrishAli
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Member since
Re: NWR: How many do you claim?
I claim 1 and I itemize....with student loan payment interest and tuition, I got $4300 back last year
