|
||||||
| Personal Finance Credit cards, home loans, retirement plans and taxes. The place for all your personal finance questions. |
 |
|
|
LinkBack | Thread Tools |
02-19-2009, 09:56 AM
|
|||
|
|||
Question on W-2: claiming 2
I'm single, no children, no dependents, mortgage or anything.
I live in NJ and work in NYC. Therefore, I pay NY taxes only. I claimed 2 on my form when hired. Is that enough or will I owe. I think I heard somewhere that it might break me even where I wont owe or get anything back.. 
|
|
02-19-2009, 11:46 AM
|
|||
|
|||
|
Not enough information. You can get a rough estimate by going to PaycheckCity.com.
|
|
02-19-2009, 12:19 PM
|
||||
|
||||
|
There is also a calculator at irs.gov.
__________________
Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
|
|
02-19-2009, 12:21 PM
|
|||
|
|||
|
Use the IRS withholding calculator to figure out what to claim, and use the paycheck city calculator to figure out what your net pay will be.
|
|
02-19-2009, 06:18 PM
|
|||
|
|||
|
Good advice noppenbd. Both sites provide different but necessary information.
|
|
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
|
|
