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Anne B
Lv 4
Anne B asked in Business & FinanceTaxesUnited States · 5 years ago

Hello! I am a 62 y.o. woman who is single. I claim one on my taxes. Can I claim two without penalty?

Update:

I work full-time and really need the money.

5 Answers

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  • efflandt
    Lv 7
    5 years ago

    For W-4 allowances, if you read the instructions, if you are single, only have 1 job, and cannot be claimed as a dependent by someone else, then you can claim 2 allowances on the W-4. But you only claim 1 deduction on your Form 1040. You should just about break even at tax time, not getting much of a refund or not owing much. But if you have other significant income with no withholding, you may want to reconsider W-4 allowances to cover eventual tax for that.

  • StephenWeinstein
    Lv 7
    5 years ago

    Probably, if you have only one job and no one else can claim you as a dependent.

    No if you have more than one job or someone else can claim you as a dependent.

  • tro
    Lv 7
    5 years ago

    on your W-4, of course

  • Judy
    Lv 7
    5 years ago

    You can, but might end up owing a little when you file.

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  • Anne B
    Lv 4
    5 years ago

    I work full-time and really need the money!

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