Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

w4 question?

i have no kids and claim 1 (myself) but my company cut my hours by 1 day (8hrs per week) i need to pay my bills and have yet to find another job. in the meantime, can i claim 2 for about a month so i can pay my bills and change it back?

7 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    You can change it as often as you like, every pay period. How much of a refund do you normally get? If it is significant then increaseing your withholding by 1 is not a problem for a short time. Worst case is you may owe federal tax next year when you file your taxes. We have 4 children and my husband only works, and we claim 10 exemptions, and still get a large refund.

  • ?
    Lv 4
    5 years ago

    relies upon on the babysitting job. in case you're looking after youngsters of their very own dwelling house on a customary foundation, then the discern is meant to have you ever fill out a W-4, and then withhold social secure practices and medicare, and probable income tax in line with how plenty you're making and what you place on the W-4. that is commonplace for persons to not comprehend this, and to easily pay you cash and function you deal including your guy or woman taxes, even nevertheless legally they are required to withhold taxes and pay corporation taxes. in case you're babysitting on your dwelling house, you're seen to be self sufficient. you will not fill out a W-4, and you would be responsible to your guy or woman taxes - you're able to save your guy or woman precise information. they'll probable ask to your tax identity (social secure practices selection) so as that they might declare the baby care expenditures on their tax return if the babysitting is so as that they might paintings.

  • 1 decade ago

    Imagine being able to lie and then recant after getting paid. The Governmental Roller Coaster never ceases to amaze me.....Blessings Yahoo

  • Judy
    Lv 7
    1 decade ago

    You can, just don't forget to change it back or you could end up owing when you file your taxes next year.

  • How do you think about the answers? You can sign in to vote the answer.
  • D W
    Lv 4
    1 decade ago

    I would not advise it, but do what you feel you have to. Good luck with finding a new job.

  • TJ
    Lv 6
    1 decade ago

    yes...you can increase your dependents and change it back whenever

  • 1 decade ago

    yes you can..

Still have questions? Get your answers by asking now.