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I've been claiming 'single and 1' (single and claiming 1 (myself) as a deduction) for years with most years getting a decent tax refund without paying an exorbitant amount of taxes.
You can claim 'single and zero' (no deductions) but you get more taxes taken outta you during the year. On the flip side, you might get a little more money in your tax refund.
A word of caution: if you are working two jobs (even part-time) you will need to do some math in order that you get enough taxes withheld from both jobs so that you don't get Roto-Rootered by the Tax Gestapo. Many people make the mistake of setting up their W-4 at the same withholdings as their primary job; you should adjust your W-4s accordingly so that you get the right amount of taxes taken out and not leave you in the poorhouse. The back site of more recent W-4 forms have a two-job withholding worksheet that will help you get straight.
And in the states that collect income taxes, doublecheck to make sure they're taking out the right amount!
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ASF
Causa latet vis est notissima - the cause is hidden, the results are well known.
Alpha Alpha (University of Oklahoma) Chapter, #814, 1984
Last edited by AlphaSigOU; 10-25-2004 at 04:12 PM.
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