Tax exemptions(Posted by Fat Andy on 3/2/13 at 11:12 am)
This is my first post on the money board so bear with me please.
I am a junior in college and recently started a new job as an accounting intern at an oil and gas company. I noticed on my paychecks that it seems that not much federal and state tax is being withheld.Where as last year I worked only 8 months making about $12000 and had roughly $1200 in federal taxes and $300 in state(Louisiana) taken out. I have listed 1 exemption each for Federal and State. I will most likely not exceed $15,000 in income this year seeing as I am only working part time while in school.
My question is do I need to change my exemptions?