Tax Returns!

[Halon]

I've claimed 1 only once in my life. It was my first job ever when I was 16 working at McDonald's. The first time I ever had to taxes was that year when I was 16 and in highschool, and I had to pay in. That was a real shitty feeling being 16 and having to pay in when everyone else around me was getting refunds of a couple hundred bucks. Even though the amount I had to pay in wasn't all that much, I was expecting a couple hundred back like all my friends got, and so that just sucked. That is a big reason that I claim 0 now. I never want to pay in again.

[Kracka]

Originally Posted by Halon

That is a big reason that I claim 0 now. I never want to pay in again.

You paid in b/c your parents were claiming you as a dependent (hence why you should have been claiming 0 at the time). If you claim 1 now you'll still get money back...just not as much as claiming 0. I'm sure you know all this already, but maybe someone else will find this info useful.

[Halon]

Originally Posted by Kracka

You paid in b/c your parents were claiming you as a dependent (hence why you should have been claiming 0 at the time). If you claim 1 now you'll still get money back...just not as much as claiming 0. I'm sure you know all this already, but maybe someone else will find this info useful.

Yes that is a good point. But one other thing that worries me is that I have a base pay that I make. But with all my travel and overtime, I just about double my base pay. So I get worried that with all my overtime and crap, that it may come back to haunt me if they didn't take enough out since they may be basing how much they take out, on how much I'm "supposed to make" in a year, but really I double that amount.

Anywho, I'm happy with claiming 0. I am completely worry free of having to pay in, and I do like the nice little bonus check after the holiday season.