Correct number of allowances in W4
Hi,
I am single working on H1-B. My old W4 form with my employer had "1" as number of allowances.
Incidentally I had to update my address and was asked to refill W4 again.
The first line in personal allowance worksheet says
A) Enter 1 for yourself if no one else can claim you as dependent- Entered 1 here!
B) Enter 1 if you are single and have only one job- Entered 1 here!
E) Enter 1 if you will file as head of household on your tax return- Not sure of this one? Please explain this one.
In anycase, I have number of allowances as "2" (from A and B) and not "1" as already on my W4.
I just want to make sure if I am right in correcting my W4 now?
If yes, what will happen to the extra tax I had paid for last yr?
Please help me on this one as I have to fill my W4 now.
Thanks in advance!!