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I'm currently working a full-time job- Single, claiming 1 exemption on my W-2. I am getting ready to start a second part-time job and would like to know how many exemptions to claim on my W-2 so as not to get screwed at tax time. A few years ago, I worked two jobs and claimed 1 exemption for each W-2 and wound up owing a lot at tax time. Really would like to avoid that this time around. Any advice would be appreciated.
I claim 0 all the time. Even if I have a full time job, I claim 0. This way I never owe, and get money back. I currently have two part-time jobs, and claim 0 on both of them. It doesn't matter how many jobs I have, I'll claim 0 on all of them.
Why not just take your last single job income add the estimated increase and go from there on your last tax return. That way you can get a idea o the increase tax liabilty liely. Then you can actually claim a dollar amount on your W-2 if you wish to add extra then standard deduction.Or you can use IRS for at their site to figure the best dedcution filing status for your total income.
I started my full-time job in March, so I am not sure what my actual income will be during tax time. I will try to check out the IRS website and see if I can figure something out.
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