Ask Experts Questions for FREE Help !
Ask
    jeepgirl's Avatar
    jeepgirl Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 18, 2011, 03:12 PM
    What should I have claimed on my W-4?
    I have an almost one year old baby, I am single, head of household, and work two jobs. My question is if I claim 0, then how will they know I have a child in order to receive the $1000 child tax refund?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Jul 18, 2011, 03:21 PM

    What you claim on your W4 has little to do with what you claim on your return. You could claim 2 on your W4 to reduce your withholding. You could claim 5 if you felt you would not owe any tax and wanted the most take home you could get.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Jul 18, 2011, 07:35 PM

    Agreed, I am not even a tax expert and know this one.

    The W4 is merely for your company to use to know at what tax rate they will withhold money.

    I am one who believes in having them hold out the very least, so I either owe a 100 or so or get a 100 or so back, and not to let them keep my money all year just to give it back to me.

    Other people like to pay in large amounts to get a larger refund of their money.

    As to what they know, they don't know anything till you file your taxes at the end of the year. There you tell them what you really have
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Jul 19, 2011, 01:05 PM
    JeepGirl:

    You need to tell me how much you earned in total from both jobs THAT information will allow me to do preliminanry tax calculations and let you know what your tax liability will be for 2011.

    If you do not wish to put this information on this foruum. Email me at [email protected] and I will give you the lowdown via email.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What if my husband claimed exempt all year and I claimed one will we still owe? [ 1 Answers ]

My husband claimed exempt (was supposed to be temporary, but payroll accidentally forgot the change it back per request and new w-4 form)... I claimed 1 all year. We have 2 children and are married filing jointly. Avg gross yearly income = 54,000.00, will we still end up owing (Thanks to our...

Claimed me [ 1 Answers ]

How can I find out who claim me as a dependent without my permission

Who claimed my son? [ 2 Answers ]

I just want to know who could give me the answers to who claimed my son on their taxes? I didn't work last year because I was in school fulltime and I asked a family member to claim my son on her taxes and she waited until it was too late to ask anyone to claim my son to tell me that she didn't...

Who claimed them? [ 4 Answers ]

I went to claim my kids on my taxes and it came up that somebody had already claimed them without my knowledge. How do I find out who claimed them?


View more questions Search