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How many dependents do i claim on my w2 to get the least amount of money held out of my check?
If you claim too many dependents you'll have to pay more in tax next year. If you are a very young person you probably can't claim to have five kids. If you are older, you could claim five or six. They wouldn't take out very much, but next year you'd have to come up with a lot of money to make up for what they didn't deduct.
What else can I help you with?
Should a single person without children list no dependents?
Presuming you don't have something like an elderly grandmuother or brother or such you support ...meaning contribute more than 50% of the cost of their upkeep to, YES. I conquer, if you don't have dependents, then you should not claim one unless you have another sibling,family member living with you at least 6 months and where you pay at least 50% of their upkeep
If I don't have a lot of money with held on taxes and claim 3 dependents on W-4 and also when I file will I still get a good amount back?
Many more matters go into the equation. Really, the only way to tell is to at least sketch out a return and see where what you'll owe compares to what you've paid in. (And of course, what "good amount back" means is you own decision....understand, you may actually have to pay).
Which check cashing companies charge the least for a payroll check?
Advanced America was the least at 5 percent. If you are looking for something that is less you can cash your check at Walmart for $3 within a certain amount. The best deal on check cashing is at Walmart. They charge three dollars per check. All checkcashing companies charge a percentage which is much more expensive.
Can you claim head of household if you don't claim any dependents?
No. To qualify as a head of household, a taxpayer must be unmarried at the end of the tax year, must not be a surviving spouse, must pay at least half the costs of maintaining a home, and must share that home with one or more qualifying (that is qualified as dependent) individuals for at least half the year, unless the qualifying individual is a parent of the taxpayer whom the taxpayer can claim as a dependent. For tax years beginning after December 31, 2004, the requirements for a qualifying individual are somewhat affected by changes in the definition of a dependent. However, the taxpayer will still be eligible for head-of-household status even if no dependency exemption is available for a child because the taxpayer waived the exemption or because of the existence of a pre-1985 divorce decree or separation agreement
How much do you have to earn in order to receive the child tax credit?
The credit reduces your taxable income by up to $1,000 per qualifying child, so your income must be at least as much as the amount of the credit you claim. Otherwise, there is no income for the credit to reduce. If you make less than the amount of the Child Tax Credit, you may still qualify for the Additional Child Tax Credit.
What are the eligibility requirements for claiming dependents on food stamps?
To claim dependents on food stamps, you must provide at least half of their financial support, they must live with you, and you must be responsible for their care.
Should a single person without children list no dependents?
Presuming you don't have something like an elderly grandmuother or brother or such you support ...meaning contribute more than 50% of the cost of their upkeep to, YES. I conquer, if you don't have dependents, then you should not claim one unless you have another sibling,family member living with you at least 6 months and where you pay at least 50% of their upkeep
How do you know if you qualify for the first time buyer tax credit 2010?
There are some restrictions. Examples: Dependents aren't allowed to claim credit, NO credit if home is price is above $800,000, and you must be at least 18.
If I don't have a lot of money with held on taxes and claim 3 dependents on W-4 and also when I file will I still get a good amount back?
Many more matters go into the equation. Really, the only way to tell is to at least sketch out a return and see where what you'll owe compares to what you've paid in. (And of course, what "good amount back" means is you own decision....understand, you may actually have to pay).
Can grandparents claim children of divorced parents because the custodial parent is unemployed?
There are several factors that must exist for a grandparent to claim their grandchildren as dependents for tax purposes. You should arrange to speak with a tax specialist. Among the requirements that must be met are the following:They provided more than half the childrens' total support for the year.They must live together in the same residence for at least six months of the year.No one else is claiming the children as dependents.The grandparents are not dependent on someone else.
In Minnesota What percentage of state and federal is taken out of your wages?
In Minnesota, the amount of state and federal tax taken out of wages depends on a few things. It depends on a person's filing status, how many dependents they have, and how much money they actually gross. To be on the safe side, a person can estimate that at least 25% of a person's pay check is going to be deducted for tax purposes.
What is the least amount of kids fish can have?
the least amount is .2
Where can you get Ardent Custodian in WoW...such as where does it drop the most or where can you buy it for the least amount of gold and who would be selling?
Check Related Links.
What is the least amount of babies a hamster can have?
the least amount would be 3
What is the proper tip amount?
I believe the proper tip amount is at least 8% of your check. Now, your tip percentage may vary by how well you believe your waiter/waitress is doing.
Which countries have the least amount of desert?
European countries have the least amount of deserts.
Which desert has the least amount of vegetation?
The Antarctic Desert has the least amount of vegetation.
