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Income Tax Question  
User currently offlineRGElectra80 From United States of America, joined Dec 2008, 362 posts, RR: 0
Posted (5 years 8 months 1 week 6 days 21 hours ago) and read 1541 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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4 replies: All unread, jump to last
 
User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 1, posted (5 years 8 months 1 week 6 days 19 hours ago) and read 1518 times:

If you want a tax refund, put down zero.


A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineEMBQA From United States of America, joined Oct 2003, 9364 posts, RR: 11
Reply 2, posted (5 years 8 months 1 week 6 days 18 hours ago) and read 1513 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"
User currently offlineFr8mech From United States of America, joined Sep 2005, 5651 posts, RR: 15
Reply 3, posted (5 years 8 months 1 week 6 days 7 hours ago) and read 1462 times:

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


When seconds count...the police are minutes away.
User currently offlineSteeler83 From United States of America, joined Feb 2006, 9268 posts, RR: 21
Reply 4, posted (5 years 8 months 1 week 6 days ago) and read 1430 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.


Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
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