U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Personal Finance
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply
 
Unread 07-16-2011, 05:56 PM
 
Location: NYC
161 posts, read 134,843 times
Reputation: 116
Default Second Job W-2 Help- What To Claim?

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.
Reply With Quote Quick reply to this message

 
Unread 07-17-2011, 08:40 PM
 
Location: City Heights, San Diego 92104
7,203 posts, read 7,319,046 times
Reputation: 4052
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.
Reply With Quote Quick reply to this message
 
Unread 07-17-2011, 09:50 PM
 
34,939 posts, read 30,805,539 times
Reputation: 9299
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.
Reply With Quote Quick reply to this message
 
Unread 07-18-2011, 08:15 AM
 
Location: NYC
161 posts, read 134,843 times
Reputation: 116
Thank you for the replies.

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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $53,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $47,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Personal Finance
Similar Threads

All times are GMT -6. The time now is 02:52 PM.

© 2005-2013, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24 - Top