InsanePeopleFacebook

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Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world

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Can't go wrong with that sovcit. (lemmy.world)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 5 points 11 months ago (2 children)

Isn’t it the other way around? Claiming zero means they take the maximum amount in taxes out. For every dependent you claim, they reduce the amount they take out. I’m sure there’s a cap but they guy probably thinks he can claim 99 and then not fill out his taxes.

[–] [email protected] 4 points 11 months ago

FWIW the post-2020 Form W4 did away with picking a number of allowances. Now you write in a dollar figure comprised of multiples of $2000 and $500 as Step 4 states.

Seeing a low single-digit "number of allowances" written in Step 4 spotlights who read the instructions on the form and who didn't.

[–] [email protected] 2 points 11 months ago

You're right, I got em switched in my early morning head. Revised to show correct terminology for no withholding.