Can a single, no dependents, person claim 2 exemptions on a w-4?
396726
Absolutely!  The W-4 is used to instruct your employer(s) how you want withholdings for income taxes handled on your paycheck.  The higher the number, the less amount of taxes withheld.  But, be careful because if you do not have enough withheld, you could be facing a large amount due the IRS at the end of the year.
1140973
The answer to this depends on what exemptions you have put on you W-4.  For Single with zero exemptions, federal tax would be taken out at $11 per paycheck.  You may also be paying 6.2% ($13.27) for social security and 1.45% ($3.10) for medicare.\n\nThese numbers are based on the $214 being your gross salary.
145015
I went to irs.gov and searched for dependants and was refered to Publication 501 which contains the following information.\n\nExemptions for Dependents \nYou are allowed one exemption for each person you can claim as a dependent. You can claim an exemption for a dependent even if your dependent files a return. \n\nBeginning in 2005, the term “dependent” means: \n\nA qualifying child, or\nA qualifying relative.\n\nThe terms “qualifying child” and “qualifying relative” are defined later. \n\nYou can claim an exemption for a qualifying child or qualifying relative only if these three tests are met. \n\nDependent taxpayer test.\nJoint return test.\nCitizen or resident test.\n\nTests To Be a Qualifying Child:\nThe child must be your son, daughter, stepchild, eligible foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them. \n\nThe child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student, or (c) any age if permanently and totally disabled. \n\nThe child must have lived with you for more than half of the year. 2 \n\nThe child must not have provided more than half of his or her own support for the year. \n\nIf the child meets the rules to be a qualifying child of more than one person, you must be the person entitled to claim the child as a qualifying child.
860300
The instructions on the W-4 are a guide. You would be single filing one if you're parents claim you as a dependent, single filing 2 if you live on your own.\nHowever, you can use the allowances claimed as a way to change the size of your refund/tax payment at tax time. If you like to get a refund at the end of the year and you had similar circumstances last year with the same filing status, follow the instructions. If you'd rather have the money in your paycheck and pay a large amount at tax time, increase the number of allowances.
874068
Steve F's answer is dead on for 2006.  For 2005, the $5,000 standard deduction is added to one exemption $3,200 or two exemptions $6,400 to get the total deduction.\n\nThe total deduction for one exemption is $8,200 ($5,000+$3,200)and for two it is $11,400.\n\nTotal taxable income is $1,800 ($10,000-$8,200) for one and $0 for two.\n\nTotal tax is $180 (10% of $1,800) for one and $0 for two.\n\nSo, in 2005, your tax savings for claiming a dependent is $180.  For 2006, your tax savings for claiming a dependent is $155.  Something, but not much.  If the dependent is your qualifying child, you may get to claim the Earned Income Credit and/or Child Tax Credit to increase your refund, but that is a totally different topic.
885325
You can't claim head of household on your return since you don't have any dependents - that's one of the requirements for head of household.  Read the instructions for W-4.\n\nIf you claim more allowances on your W-4 than you are entitled to, yes you'd get more in each paycheck, but then you'd owe it back when you file your return, and might also be subject to penalties and interest depending on how much you owe.
187662
File a tax return. If you want a refund as you employer to give you a w4 form and change the number of exemptions that you want to take. You can also have them hold More out of each check
196089
No penalty for not including the W-2 form. Since you will be including the income on your income tax return - the IRS will be able to easily reconcile this information when you submit the return.  You can always provide a substitute W-2 form and include the employer information based on the last paycheck that you received.
162608
I would try thru www.irs.gov and try a search for yourself. If the employer filed the W-2 you should be bale to gather the info from that.
114847
No, you don't have to claim this as income, but you also cannot claim child care expenses as a deduction.  You have already gotten this money tax free so you can't deduct it again.
419727
Make sure you have a W-4 on file with each employer. Claiming 1 exemption on it should take the proper amount of taxes out.\n\nSince your in college don't forget the Hope Credit. You will get money back.
923268
When you fill out the W-4 form, there's a worksheet to help you estimate the number of allowances to claim.  At the very least, you can have two--one for yourself and one for your child.  \n\nOnce you start making house payments, the taxes you pay out of your paycheck can be decreased because mortgage interest is deductible on your income tax return.  Be sure to look at your W-4 again in April or May and do the Deductions & Adjustments worksheet.
819536
It depends on what your divorce decree states.  If it gives him the right to claim the child on his taxes, the only way you could ever legally claim the child is if you have your ex's written permission, specifically, Form 8332 Release of Claim to Exemption for Child of Divorced or Separated Parents.  The advice, "the first one who files gets the deduction" is not true and eventually, the IRS will catch up with you because they do use a matching system that matches social security numbers to taxpayers' returns.
511562
Try using last years Federal Income Tax return.  If you claimed her as a dependent, you had to have put the number on your 1040.
716685
you can claim children as dependents on you federal income tax return if they lived with you at least 6 months , they may also qualify for unearn income credit. check it out  www.irs.gov
1064228
The people above who say you should claim 0 are mostly misguided if you're looking for the highest return on your money.\n\nIn general, figure out how much you can actually deduct on your April 15 1040.  If you are single and have no dependents, you can probably claim 2 (single and personal exemptions).\n\nIf you claim 0 blindly, you are in essence giving the government an interest free loan.\n\nFor example, they'll take out an extra 100$ each month and then write you a check for a "tax refund" for 1200$ six to eighteen months later.  There's no gain from that if the money was yours to begin with.\n\nIf you have no spending discipline, you could open a bank account and deposit that extra 100 each month and earn interest on it and be better off.  There's no point in giving free money to the government in order to satisfy the appeal of getting a check for money that was yours.\n\nThe more you claim on your W-4, the less they take each month.
163605
"my job takes out single on the taxes"....if by this you mean that you claim "1" on your W2 at work....then it doesn't matter much.\n\nHere's how it works: you decide how much your employer witholds from your paycheck in anticipation of tax time the following year. You could claim 0, 1, 2, all the way up to nine. The IRS provides a handy worksheet to assist you in determining that magic number but in my experience, I always end up not witholding enough. Basically what a W2 boils down to is if you want to get money back at tax time, claim 0 (and the IRS has access to that witheld $$, interest free for the entire year...). If you want the majority of your $$ now and don't mind that you'll have to pay come tax time, claim 2 or above (be careful.....the higher the number, the more you'll have to pay). If you'd like to break even, with either a little bit of a refund or a little bit to pay, then claim 1.\n\nWith regards to being married, if you are filing jointly, you may end up being taxed more due to your combined income. You once were making $25K and now with the wife $45K, you'll be moved into a different tax bracket. I imagine that it won't effect you much this tax year since you were married at the end of 05. It might make a big change in 07 for this year. Consult your tax advisor about that. They'll have information on how you can maximize deductions and such.