W-4/US Income Tax Question
By Signal20
@Signal20 (2281)
United States
August 3, 2007 10:19pm CST
Have a question....my 15 year old just took a job working a few days a week at a restaurant. I still intend on claiming her on my income taxes, especially for the Earned Income Credit, so should she put 0 or 1 for the her W-4? The way I understand this, if she claims 0, they'll take out more taxes each week(which still won't amount to very much), but she'll get it back as a refund in April-correct? And, is that the best way to do this or should she claim 1 dependent? I hate this tax stuff....Thanks in advance!!
2 people like this
2 responses
@musicman6 (2406)
• United States
15 Oct 07
My tax advisor said, that she can go ahead and claim one, on her w-4, because she won't make enough income to owe any taxes! So she will get back anything they deduct! If she claims 0, they will just withold more out for taxes, and then just get it back anyway! She can make up to $5,500 before they even start taxing her!
@sororravn (448)
• United States
5 Aug 07
If she does not have any dependants then she will need to choose 0 and she will most likely get all of it back when she files at the end of the year. If she does not file her W4 correctly now then she may be required to pay at the end of the year.
