At times I am not too smart.

What do I put on my W-4 that will take the least amount of taxes out?

Thank in advance...

Edit: Figured it out.

[This message has been edited by Tony Kania (edited 06-05-2014).]

I think the roses will do nicely this year.

[This message has been edited by heybjorn (edited 06-05-2014).]

VASELINE!!!!

quote Originally posted by FieroTony: VASELINE!!!!

Is that covered under obamacare?

The more you claim the less it takes out. You can claim as many as you like, I believe. Having said that, you will have to pay it back sometime or it would be fraud/evasion.

quote Originally posted by Tony Kania: What do I put on my W-4 that will take the least amount of taxes out?

You claim the maximum number of "personal allowances" you are entitled to. The instructions for IRS Form W-4 explain it pretty clearly. Do be aware that you will be charged a penalty plus interest if the total amount withheld is substantially less than the taxes you owe at the end of the year.

[This message has been edited by Marvin McInnis (edited 06-05-2014).]

quote Originally posted by Marvin McInnis: You claim the maximum number of "personal allowances" you are entitled to. The instructions for IRS Form W-4 explain it pretty clearly. Do be aware that you will be charged a penalty plus interest if the total amount withheld is substantially less than the taxes you owe at the end of the year.

Yes, a bit of actual reading helped. I just did not want to be in the penalty group.

You can change it any time you want, or as often as you like threw the year.

When I worked construction and did a lot of shutdowns at sites a lot of the guys would put 8 I think it was on their W2s so all that overtime didn't put you into the 50 % tax bracket and then when the overtime was over go back to just 0 or 1, most of those only lasted a month or 2 tops and by the end of the year they said it evened out so they didn't owe anything I tried it once for a month and then went back to 1 and come the end of the year I still got a refund. But being married I also had at least 3 legitimate deductions every year as well.

Steve

[This message has been edited by 84fiero123 (edited 06-05-2014).]