W4

[fruitbowlk]

Hello All,

I Have a new job. I will blog about it later tonight. I'm filling out my w4 form and I want to make sure I'm doing it where the govt isn't holding on to my money. Can you help? How does it work the higher the number the less they are holding on? I'm reading the form and it look like my allowance sheet should have 2 or 3. I'm re-reading about child care that why I said 2 or 3. Any advise is helpful.

Thanks.

[YLTL_Dan]

Your best bet is to use the IRS withholding calculator. It will ask you a series of questions and then recommend what to put on your W4. The more exemptions, the less your company takes out of your check.

IRS Withholding Calculator