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Form W-4 regarding Taxes?
I am a single (no kids) 23 year old full time student in college and still living with parents, but they don't claim me on their taxes, I do my taxes as an independant each year? So since I have this new job and forgot what I put on my last job (this form is always complecated for me), my question to you as that I wanna claim (0), so what should I put and on what lines (if possible) also what about the state should I put (0) also I am confused please help, like what is the best thing in this situation to do?
3 Answers
- troLv 78 years agoFavorite Answer
I don't understand how you are a full time student, not 24, living with your parents and they are not claiming you as a dependent unless you make enough money that is determined you provide more than 50% of your own support
if this is not the case you are still their dependent and it would appear you have filed incorrectly for two years
if they are eligible to claim you they have no choice, they claim you and you cannot file as single
- Anonymous4 years ago
As ok Soze reported, the selection you place on W-4 only impacts your tax withholding by out the year. It does not substitute your surely tax criminal duty. in case you strengthen the Withholding Allowance on W-4, you are able to have much less tax withholding and greater money to take living house from each and each pay examine. on the top of the year, your tax criminal duty is a similar regardless of your Withholding Allowance. you will the two pay IRS the adaptation or they return extra withholding. given which you're married and probable submitting collectively alongside with your husband. To do a suitable tax making plans you will might desire to look at the two earnings collectively. in the experience that your objective is to have your withholding equivalent on your tax criminal duty on the top of a year, IRS propose that the better earnings guy or woman have 2 Withholding Allowance on his/her W-4 and 0 Withholding Allowance for the decrease earnings guy or woman. best needs.
- JudyLv 78 years ago
On the Withholding Allowance Certificate part, the part you turn in, check single and put 0 on line 5. Don't worry about the worksheet.