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Income Tax Question  
User currently offlineRGElectra80 From , joined Dec 1969, posts, RR:
Posted (6 years 10 months 1 day 1 hour ago) and read 2038 times:

I got a new job and I'm trying to decide if I should put a 1 or 2 on my tax form. I already put a 2 for now, but I'm wondering about the tax day consequences.

I have usually put 1, but I put 2 for now since I'd rather have a bigger, steady paycheck than a once a year lump sum at this point in my life. I know that by doing so, I'm walking a fine line between getting a refund, although smaller, and paying the IRS back.

If you need any more particulars about this to help me make the decision, feel free to IM me.

Thanks!

4 replies: All unread, jump to last
 
User currently offlineAirframeAS From , joined Dec 1969, posts, RR:
Reply 1, posted (6 years 10 months 23 hours ago) and read 2015 times:

If you want a tax refund, put down zero.

User currently offlineEMBQA From , joined Dec 1969, posts, RR:
Reply 2, posted (6 years 10 months 23 hours ago) and read 2010 times:



Quoting AirframeAS (Reply 1):
If you want a tax refund, put down zero

Anyone that gets a refund has only been giving the Gov't a zero interest loan all year. Use the W2 work sheet and answer the questions...it will give you the correct amount to claim.


User currently offlineFr8mech From , joined Dec 1969, posts, RR:
Reply 3, posted (6 years 10 months 12 hours ago) and read 1959 times:

I'd much rather pay $100 bucks on April 15th than get $100 back.

User currently offlineSteeler83 From , joined Dec 1969, posts, RR:
Reply 4, posted (6 years 10 months 5 hours ago) and read 1927 times:

I usually put a 1 to claim for myself. I am a full-time graduate student, and I don't even make that much. My new job that I posted about 2 weeks ago is going to pay me 10.50 an hour at 37.5 hours/week.

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