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To: Ghost of SVR4
Claim zero exemptions to maximize your take-home. Be prepared to write a check on April 15th.

If there are kids involved, be careful if you choose to claim them . . . if the mother does, prepare for a world of hurt.

3 posted on 11/02/2013 11:20:13 AM PDT by 1rudeboy
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To: 1rudeboy
Claim zero exemptions to maximize your take-home.

Uh, no.... You claim every exemption you are entitled to, to maximize your take-home pay...

7 posted on 11/02/2013 11:22:52 AM PDT by Errant
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To: 1rudeboy

Mother cannot. They live with me full time and that is easily verified. Thanks for the reply..


9 posted on 11/02/2013 11:25:26 AM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: 1rudeboy
Claim zero exemptions to maximize your take-home. Be prepared to write a check on April 15th.

Hum, no. Claiming zero exemptions on your W-4 will result in the most amount of federal taxes being withheld. The more withholding exemptions you claim on your W-4, the less amount of tax is withheld.

12 posted on 11/02/2013 11:27:34 AM PDT by MD Expat in PA
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To: 1rudeboy
"Claim zero exemptions to maximize your take-home. Be prepared to write a check on April 15th."

1rudeboy is confused as usual. zero exemptions will maximize your tax withholdings, not your take-home. The more exemptions you claim the less tax withheld and the higher your take home.

You can download a W4 form and use the worksheet to help calculate how many exemptions you should claim.

However, the advice posted earlier about the ex is valid. In the absence of a legal agreement on how to split the tax credits, the person who gets to claim them is who the kids live with more than 50% of the time. And that needs to be documented.

14 posted on 11/02/2013 11:27:49 AM PDT by DannyTN
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To: 1rudeboy
"Claim zero exemptions to maximize your take-home. Be prepared to write a check on April 15th."

Not sure if serious, but that's backwards. Claiming zero exemptions means your taxable wage isn't reduced before the withholding is calculated. Therefore claiming zero INCREASES your taxes withheld, reducing your take-home pay but likely resulting in a refund.

20 posted on 11/02/2013 11:32:24 AM PDT by Mich Patriot (PITCH BLACK is the new "transparent")
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