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.
Trending News
Changing my dependents on w-4?
I recently changed my W-4 from single to married with 3 dependents. But now I want a larger tax return can I change 3 dependents to 2? I recently just changed it, it only took affect for one paycheck. I got fired so I will no longer be receiving any paychecks. On my next job can I put married with 2 dependents? Or you can only add dependets not reduce ?
5 Answers
- AmyLv 75 years ago
You seem to be very confused.
W-4 only goes to your employer. No one sees both the W4 from your old job and the one from your new job.
You can change the number of deductions as often as you want in either direction, as long as the result is enough taxes withheld from your paycheck.
If lie on your W4 in order to deliberately underpay your taxes, you will be charged a fine and possibly arrested. If you lie in order to deliberately overpay now and get a large refund, the IRS will happily take your money.
- Anonymous5 years ago
The W-4 form is "allowances" not dependents. It's simply a formula (see the worksheet on the form!) to adjust your withholding per pay period.
On the form you can put 0 allowances (the most withheld); married, but use single rate (higher withholding) and even add additional money per pay period.
That said, you should aim to not owe. Large refunds can be delayed by months.
- Ryan MLv 75 years ago
Why would you want to take that money away from your spouse and kids all year to give the government an interest free loan???
- How do you think about the answers? You can sign in to vote the answer.
