Stl Bills Posted March 29, 2010 Share Posted March 29, 2010 So every year a generally get back about 4-5k from taxes, which used to not be that big of a deal for me (used to own my own business and did a lot better than I currently do ) but now I could use that money on a month to month basis rather than giving the govt. an interest free loan every year. Anyway I'm single, 26, make about 50k a year and right now I file 2 exemptions on my W4. I get a lot back because I pay a lot of interest on my home every year and I'm also in school full time and I get a lot back for that. How many exemptions should I file.....3? 4? I'm just looking to get about $300 less taken out of check each month. Any help would be much appreciated. Link to comment Share on other sites More sharing options...
Nervous Guy Posted March 29, 2010 Share Posted March 29, 2010 So every year a generally get back about 4-5k from taxes, which used to not be that big of a deal for me (used to own my own business and did a lot better than I currently do ) but now I could use that money on a month to month basis rather than giving the govt. an interest free loan every year. Anyway I'm single, 26, make about 50k a year and right now I file 2 exemptions on my W4. I get a lot back because I pay a lot of interest on my home every year and I'm also in school full time and I get a lot back for that. How many exemptions should I file.....3? 4? I'm just looking to get about $300 less taken out of check each month. Any help would be much appreciated. http://www.irs.gov/individuals/article/0,,id=96196,00.html Link to comment Share on other sites More sharing options...
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