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re: Claiming 1 vs Claiming 0 on taxes..

Posted on 8/25/16 at 2:35 pm to
Posted by lynxcat
Member since Jan 2008
24191 posts
Posted on 8/25/16 at 2:35 pm to
What you select has zero impact on Medicare and SS. I don't know Montana state taxes so I won't comment there.

Claiming 1 or 0 only impacts your Federal Withholding so that's what you need to be focusing on.
Posted by 3andOut
League City, TX
Member since Jun 2013
3684 posts
Posted on 8/25/16 at 2:36 pm to
quote:

Claiming 1 or 0 only impacts your Federal Withholding so that's what you need to be focusing on.



That is what I am focusing on. Was curious how much difference 1 dependant makes. If it $20-30 bucks a week its not worth the hassle to me. If its $200-$300 bucks a week I may be inclined to change my W-4
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