0
The number of allowances you should claim on your taxes depends on your personal situation. It's important to consider factors like your income, marital status, and number of dependents. It's recommended to use the IRS withholding calculator or consult a tax professional to determine the right amount of allowances for your specific circumstances.
What else can I help you with?
How much should I claim in withholdings on my taxes?
The amount you should claim in withholdings on your taxes depends on your individual financial situation. It is recommended to consult with a tax professional or use the IRS withholding calculator to determine the appropriate amount to claim.
How much rent can I claim on my taxes?
You can claim a portion of your rent on your taxes if you use part of your home for business purposes, such as a home office. The amount you can claim is based on the percentage of your home that is used for business.
How much deductions should I claim on my taxes?
The number of deductions you should claim on your taxes depends on your individual financial situation. It's important to consider factors like your income, dependents, and eligible expenses. It's recommended to consult with a tax professional or use a tax calculator to determine the appropriate number of deductions for your specific circumstances.
How much should a self-employed individual withhold for taxes?
A self-employed individual should typically withhold around 25-30 of their income for taxes to cover federal income tax, self-employment tax, and state taxes.
How much should I pay for quarterly taxes?
The amount you should pay for quarterly taxes depends on your income and deductions. It is recommended to consult with a tax professional or use a tax calculator to determine the appropriate amount to pay.
How much should I claim in withholdings on my taxes?
The amount you should claim in withholdings on your taxes depends on your individual financial situation. It is recommended to consult with a tax professional or use the IRS withholding calculator to determine the appropriate amount to claim.
If you claim 1 on your taxes does that mean just yourself or one other person?
That depends on which form you are claiming it on. If you are talking about Form 1040, that means just yourself. If you are not eligible to claim yourself, then you are not eligible to claim anyone else either. If you are talking about Form W-4 (the withholding form that you give to your employer), stop and read the form more carefully. It does NOT ask you to fill in the number of people (dependents) you are claiming. It asks you to fill in the number of withholding allowances you are claiming. Most people have way too much tax taken out of their paychecks because they mistakenly believe that the number of withholding allowances they claim on their W-4 should be the same as the number of exemptions they claim on their 1040. Most people should claim MORE withholding allowances. To calculate the number of withholding allowances you should claim, either use the worksheet in the Form W-4 instructions or use the IRS withholding calculator here: http://www.irs.gov/individuals/article/0,,id=96196,00.html
How much claim your adult sister taxes?
Unless you totally support her and she is your dependent you can't claim her on your taxes.
How much of a company loss can you claim on taxes?
nil
How much is taken from 720 in taxes if you claim 1?
$122
How much rent can I claim on my taxes?
You can claim a portion of your rent on your taxes if you use part of your home for business purposes, such as a home office. The amount you can claim is based on the percentage of your home that is used for business.
How much money you get for each kid you claim on your income taxes?
gnnftttrtnt
How much deductions should I claim on my taxes?
The number of deductions you should claim on your taxes depends on your individual financial situation. It's important to consider factors like your income, dependents, and eligible expenses. It's recommended to consult with a tax professional or use a tax calculator to determine the appropriate number of deductions for your specific circumstances.
How does one reclaim overpaid taxes?
To claim back overpaid taxes, one needs to work out exactly how much is owed using the tax calculator. After this, contact HM Revenue and Customs who will deal with the claim.
When filling out a w-2 what is the difference between declaring 2 or 3 dependents?
I think you mean a W-4, not a W-2. For reference, here is a copy of Form W-4 to look at as you read this answer: http://www.irs.gov/pub/irs-pdf/fw4.pdf The first thing you must realize is that Form W-4 does NOT ask you to declare dependents. Look at line 5. It says "Total number of allowances you are claiming." Note the word "allowances." Allowances are different than dependents. The only place it asks you to enter the number of dependents is on line D of the "Personal Allowances Worksheet" which is used to calculate the number of allowances you should claim, but is not given to your employer. You should truthfully use the number of dependents that you will actually claim on Line D. When you fill out the part of Form W-4 that you will give to your employer, you fill in the number of allowances you are claiming on line 5. Unless you have a lot of income from some source other than your job, this should be larger than the number of dependents you have. The larger the number of allowances, the less tax will be taken out of your paycheck. If you choose three allowances instead of two, you will get a larger paycheck every week, but you will get a smaller refund at the end of the year. In other words, you won't have to wait a whole year to get your money and you won't have to pay for a rapid refund loan or e-filing to get your money faster. If you want to see exactly how much money will get taken out of your check for taxes based on different numbers of allowances, use this calculator: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp
How much has Obama raised taxes?
Actually, most objective sources say he has cut taxes, especially for small businesses and working families. His political opponents claim he raised taxes on everyone, but there is not much evidence to support this claim. In late 2011, the fact-checking site Politifact.com said President Obama's assertion that he had lowered taxes for the middle class was true.
How much did Joe the Plumber earn in 2007?
Not sure how much he earned but the state of Ohio had to claim $1,182.98 in unpaid taxes from him.
