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Tax question

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  • Tax question

    If I go from 0 exemptions to claiming 1 (myself), is it likely that I would end up oweing? How do I find out?

  • #2
    The irs website has a withholding calculator you could try.
    My other blog is Your Organized Friend.

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    • #3
      If you use TurboTax or a tax prepcompany like H&R Block, they should be able to tell you how many exemptions to take so that you won't owe and will have a smaller refund next year (and more in your paycheck.) Ask for a new W-4.

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