Taxes
Posted Jul 14, 2017
Rapid Tax - Do I Claim Zero, One, Two W-4 Allowances?
“How many allowances to claim.”
Resource Details
WhenAnytime
WhereOnline
CostFree
Program RatingWant to leave a review?
Sign Up Today
Description
Being aware of the number of allowances you are claiming on a Form W-4 [Employee’s Withholding Allowance Certificate] is important for a variety of reasons. Most importantly, the number of allowances you claim on a W-4 determines the following;
how much tax will be taken from your income (aka the withholding amount)
the size of your tax refund