Adjusting Your Paycheck Withholdings How Many Exemptions Should I Claim on My Paycheck?
You may be wondering if you should change your paycheck withholding amount in order to make ends meet. You may be wondering if you need to change it since you started a new job, just got married or had your first child. There are many different reasons to change your paycheck withholdings. It is important to realize that the withholdings do help you to not pay taxes at the end of the year. Here are five times you may consider changing your withholdings. 1. Starting a New Job You started a new job. If you are making significantly more money, you may not want to claim as many exemptions. This depends on your family size. Generally if you are single you should continue to claim one. This number ensures that they withhold enough so that you do not owe at the end of the year. zSB(3,3)2. You Owed Taxes This Year You should consider your tax withholdings if you owe taxes this year. There is nothing as disappointing as having to fork out money to the IRS at the beginning of the year. You can a
