Should I Claim 0 or 1 on My Taxes?

Answer Whenever you start a new job, you will need to fill out IRS Form W-4 to indicate how much in federal taxes you want your employer to withhold from your paycheck. Many people elect to choose either ... Read More »

Top Q&A For: Should I Claim 0 or 1 on My Taxes

How Many Exemptions Should I Claim on My Taxes?

Sometimes as a host you have no choice but to use the couch for one of your guests. Perhaps you have a lack of beds or just too many guests. Perhaps someday you will even find yourself on that couc... Read More »

Can you claim car tags on taxes?

If you are claiming a deduction for the business use of your car and use the actual expenses method, you can include the cost of your tags as a vehicle expense. The amount you can deduct will be de... Read More »

Can I claim my 17-year-old on my taxes?

The IRS allows taxpayers to claim individuals who are under the age of 19 as dependents if they are their own, relative, adopted or foster children and live with them for more than half of the year... Read More »

Can I claim 401(k) losses on my taxes?

In almost all cases, you cannot deduct a loss from your 401k on your taxes. In order to claim a loss, you must cash out the account and the total that you received in distributions must be less tha... Read More »