How many allowances should I claim on my W4 form?
I am filling out my W4 for my first job. I thought it was 2 allowances because: 1. "Enter 1 for yourself" and 2. "You're single and only have one job". I am confused because someone told me I should put 0 because my parents still claim me as dependent on their taxes. Please help!
- StephenWeinsteinLv 75 months ago
For possibly the first time in the history of Yahoo Answers, "someone" is right. If someone else claims you as a dependent, then the allowance for you goes on their W-4, not yours. You only put the 1 for yourself if no one else claims you as a dependent.
- JudyLv 75 months ago
zero if your parents still claim you
- 5 months ago
If your parents are claiming you then you cannot also claim yourself. Single zero is a safe way to go - you will get the money back from the government if you withhold too much.
- David SLv 75 months ago
You'd be wise to make that number a zero. If you claim 1 or 2, you will get more money each pay period, but you will owe taxes when you file.