Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
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.


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.

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Income Tax Question - Loss On Stock Exchange... posted Tue Oct 11 2005 02:51:00 by A332
Income Tax Question posted Fri Aug 12 2005 15:17:15 by UAL Bagsmasher
Tax Question posted Tue Sep 16 2008 19:28:46 by STT757
President Bush Pitches Income Tax Relief. posted Fri Jan 18 2008 10:01:06 by FXramper
I Got My Federal Income Tax Back Today! posted Fri Mar 30 2007 01:54:57 by FutureSDPDcop
UK Budget Abolishes 10% Income Tax Rate posted Wed Mar 21 2007 15:58:01 by Disruptivehair
How Much Exactly Is Income Tax posted Thu Dec 9 2004 01:34:26 by Jfkaua
Paying Aussie And/or UK Income Tax posted Mon Mar 24 2003 22:39:33 by Aviatsiya
Income Tax posted Sat Mar 2 2002 03:36:54 by Jm-airbus320
Tax Question! Schedule D posted Thu Feb 14 2002 23:10:15 by JetService