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Discussion Starter · #1 ·
by using the worksheet provided, it calcutes that I should claim a 4. Does this seem high????

1 for my self
1 for my son
1 for head of household
1 for Child tax credit.

I don't mind more taxes being taken out only to be returned to me in a larger lump sum at the end of the year, ... but am thinking in the past that I've only claimed 2.

Anyone know?
 

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I claim 0--Single.......They take alot upfront but I got $6200.00 back last year..... Plus

the $200.00 bounus per child in July last year was an extra $600.00 for me....
 

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the child tax credit increases $400 per child this year($1000per child now), and I think its better to claim 0 for the year and get more back by claiming more on your taxes. I have never heard of head of household being used as a dependant claim though, it is your status, not a dependent and the child tax credit is a deduction unless you don't owe taxes, then it can be used as a credit(gain) in the additional tax credit area

PS I am not a tax preparer, so this is just my experience.
 

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Agree, Snowmaker and I both now claim Single 0/0 on both forms. It takes the most out of your pay and we seem to get more back at tax time
 

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Well ~ the anwser on how much to claim on your w-4 is different for each person.
the rule is that you have to have paid in 100% of the prior years tax or 90% of what you will owe 4-15-05 for the 2004 year......(except if your income is over 150,000.00 then you need to cover the prior yearstax by 110%)

I can PM you your min. required for the year 2003 but that is over with. I would say stick with the single & 2. Wait till the 2003 tax returns are completed and then adjust the exemptions after you know the target withholding amount.

You can change your exemptions at any time during the year.
 

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Discussion Starter · #9 ·
QUOTE(Taxman @ Jan 5 2004, 07:05 PM)Boom Boom Boom

lets go back to my room....
2 it is then....

thanx taxman ... see ya soon!
 

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QUOTE(canehdiangirl @ Jan 5 2004, 06:24 PM)QUOTE(Taxman @ Jan 5 2004, 07:05 PM) Boom Boom Boom

lets go back to my room....

so we can do it all night......
 

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Hey babe, I'd like to talk to you
How's about coming back to my room for a little boom boom

You keep coming to me (you keep coming to me)
I can feel you're dynamite (I can feel you're dynamite)
Know where you move, get in the groove
You're driving me crazy, crazy for you

Second time you move your feet, it's fine for us to boom boom
You can come, get close to me and feel the burning fire
All the time you've got the beat, it's fine for us to boom boom
Can't you see this spunk in me and feel my strong desire

Boom boom boom, let's go back to my room
So we can do it all night and you can make me feel right (oh oh oh)
Boom boom boom, let's go back to my room
So we can do it all night and you can make me feel right

To be or not to be (to be or not to be)
Don't you know I'd like a bite (don't you know I'd like a bite)
Get to love you, closer to you
You're driving me crazy, crazy for you

Second time you move your feet, it's fine for us to boom boom
You can come, get close to me and feel the burning fire
All the time you've got the beat, it's fine for us to boom boom
Can't you see this spunk in me and feel my strong desire

Boom boom boom, let's go back to my room
So we can do it all night and you can make me feel right (oh oh oh)
Boom boom boom, let's go back to my room
So we can do it all night and you can make me feel right
 

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I claim 3 to 4 usually, because I would rather have my money all year then let the government have it all year and make tons of interest on it. This way I make the interest on the money. Don't get a ton back at the end of the year, but still get a little (boom boom)!!
 
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