Wednesday, November 9, 2011

What do I put for exemptions?

Putting zero will make them take the most taxes from you. But, I reccommend putting exempt. If you put exempt and make under $8000 a year you will still owe no taxes to the government at the end of the year. Putting zero is like giving the government an interest free loan. And if you put zero, you will have to file taxes to get a rebate. If you put exempt, you will not have to file your taxes if you made under $8000 a year. If your parents claimed you as dependent, my advice stays the same. The only thing that is different is that in this case you should only claim exempt if you expect to make under $5000 a year.

No comments:

Post a Comment