Comments | nina_anne: Taxes are stupid too!

nina_anne

Taxes are stupid too!

Apr 17, 2007 23:32

Argh! That's what I get for following directions. In years past, I've never claimed any deductions on my W-4 or for VA and everyone bitched. I'm giving the gov't an interest free loan, they said. So, at my new job, I claimed the 2 exemptions that the instructions for my W-4 TOLD ME TO DO as well as my one for state. One would think that, when ( Read more... )

Comments 4

dilatedeyes April 18 2007, 03:48:52 UTC

How did you come up with 2 exemptions? As you've now figured out.. it should be 1.. you should change that!

If you took a head of household exemption, that's typically for homeowners, not renters.

nina_anne April 18 2007, 04:11:59 UTC

That's what the dumb instructions TOLD me, and no, I'm not claiming head of household.

A. Enter "1" for yourself if no one else can claim you as a dependent.

B. Enter "1" if: You are single and have only one job, or; You are married, have only one job, and your spouse does not work, or; Your wages from a second job or your spouse's wages (or the total of both) are $1,000 or less.

That adds up to two to me. Am I misinterpreting B or something?

nina_anne April 18 2007, 04:19:32 UTC

And yeah, I'm changing it first thing tomorrow. I'm actually debating whether or not to just go back to no exemptions.

dilatedeyes April 18 2007, 04:56:26 UTC

Or instead of changing it, maybe go with claiming 2, but having them take out $1-2/paycheck extra. From my calculations, that still comes out as less taxes than claiming 1.

And I forget the tax bs I knew, but I do remember that claiming 1 was supposedly the way to go. It's been awhile since I've had a tax accountancy class, though.