RGElectra80 From United States of America, joined Dec 2008, 358 posts, RR: 0 Posted (4 years 2 months 1 week 3 days 11 hours ago) and read 1142 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!
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AirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 26 Reply 1, posted (4 years 2 months 1 week 3 days 9 hours ago) and read 1119 times:
If you want a tax refund, put down zero.
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EMBQA From United States of America, joined Oct 2003, 9292 posts, RR: 12 Reply 2, posted (4 years 2 months 1 week 3 days 8 hours ago) and read 1114 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.
"It's not the size of the dog in the fight, but the size of the fight in the dog"
Fr8mech From United States of America, joined Sep 2005, 4347 posts, RR: 12 Reply 3, posted (4 years 2 months 1 week 2 days 21 hours ago) and read 1063 times:
I'd much rather pay $100 bucks on April 15th than get $100 back.
Steeler83 From United States of America, joined Feb 2006, 8857 posts, RR: 19 Reply 4, posted (4 years 2 months 1 week 2 days 14 hours ago) and read 1031 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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