W4 questions

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chapds
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Joined: Wed May 02, 2007 6:56 am
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W4 questions

Postby chapds » Wed May 02, 2007 7:05 am

Hello,

As stated in an earlier post, i've purchased a new home. I'm currently seperated on my way to being divorced from my wife. What do you guys have your witholdings set at on your W4 ?? I called a CPA a few days ago & will probably let him go over all my stuff, but was just wondering. I'm currently claiming Married 1, but the CPA i spoke with I could easily go up to Single 5 or 6 without it hurting at the end of the year, maybe owe a few bucks & that's it. Any thoughts ??

Thanx
Chap

Croz
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Postby Croz » Wed May 02, 2007 7:10 am

If you go to www.paycheckcity.com you can find a W-4 calculator that will let you enter your exemptions, estimated deductions, etc. and it will give you a number to put on your W-4 to maximize your take home.

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tinyhands
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Postby tinyhands » Wed May 02, 2007 8:24 am

There's another W-4 calculator to be found at IRS.gov that is very thorough as well.

http://www.irs.gov/individuals/article/ ... 96,00.html
Read my 'fiscal fitness' financial disclosures <a href="http://www.getrichslowly.org/forum/viewtopic.php?t=176">here</a>.

chapds
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Joined: Wed May 02, 2007 6:56 am
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Postby chapds » Wed May 02, 2007 7:05 pm

thank you so much. that may work just perfectly. i really appreciate it.

thanx
chap


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