Claiming Married and 9

Is he claiming that on his w-4? If so it doesn't change his tax liability at the end of the tax year just how much he pays each check.

Tell him he's not going to get two separate W2's. It all going on one.

I'd like to know where he heard that from? His advisor must work for Mo' Money Taxes.

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No reason to give the govt an interest free loan.

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I used to do this at my previous job and I just did the same thing for my February paycheck at my new job.

I usually do it twice a year and because of the amount of tax deductions I have, I can easily break even or still just a few dollars my way.

I'd rather have it than the government.

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I'm not 100% sure what the rules are but I used to always claim extra deductions for payroll so I didn't get such a large return. No reason to give the govt an interest free loan.

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Is there any way formal way to figure out what this number should be?

go to www.irs.gov and search for the withholding calculator. You'll need to have your most recent paystub and know roughly the total amount of any deductions you'll take through the year. I usually check the calculator a couple of times a year to make sure i'm on track.

I usually withhold 16, because I have so many deductions. I usually end up getting a small federal refund back.

Most of the mexicans that work around here claim the maximum number of dependents.

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Claiming Married and 9

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I used to do this on big commission checks. It just means they take out less on that check. Not a big secret it is just to get more money now as opposed to getting it back later. In some cases if you do it too much you will owe taxes come tax time