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    korei's Avatar
    korei Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Aug 5, 2007, 01:18 PM
    Allowances in 2007 (J1 / L2 visa holder)
    Hi,

    How many allowances may I claim in 2007?

    I am a J1 visa holder till October 31, 2007. Single, no kids, living in NYC.
    Starting November 1, 2007, I will have a L1 visa.

    For 2006 and at the moment, I think I claim/ed 3 allowances - at least my 2006 W-2 says:
    - Federal Withholding Exemptions S 3
    - NY Withholding Exemptions S 3

    BTW, in case this was and is incorrect, does this cause any issue?

    Thanks for help!

    Best,

    Kolja
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Aug 6, 2007, 02:48 PM
    Three allowances are fine.

    You may end up paying a little bit come tax return time, but it will NOT be too much.

    Remember that ANY refund is BAD, because a refund is an interest-free loan to the government.
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