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3 Answers

How do I file my taxes with two W2’s have list a different number of dependents?

Asked by: flash 340 views YA Discussion

I have two W2’s this year for my tax return because my company was bought out by another company a few months ago. I understand that you add up the two to get what you put in your tax return. However, somehow in my previous companies W2, I have 3 dependents claimed…which is an error because I am a single 26 y/o with 0 dependents. On my new W2 I have 1 dependent claim as I was advised to do. Is there going to be an option to specify the number of dependents I claimed at which point during the year if I’m using TurboTax or another similar website? Thank you.
So, when it asks me how many dependents I claimed or how many exemptions/allowances…do I specify 3 or 1?

3 Answers

  1. Ramon C on Feb 28, 2013 Reply

    That information is not important. Many people adjust the number of dependents either to get more deducted or less deducted. What matters is the information you post on the tax return.

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  2. Bash Limpbutt's Oozing Cyst© on Feb 28, 2013 Reply

    Form W-2 does not show the number of dependents. That’s something that you enter on your tax return by showing each dependent’s name and SSN. Just add up the amounts on your W-2s and enter the totals on your return. If you are using tax software, the interview process will ask you for the details on each W-2 and will do the math for you automatically.

    The number of withholding allowances that you claimed on your W-4 has nothing to do with your tax return. The only purpose is to tell your employer how much tax to withhold from your pay.

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  3. tro on Mar 01, 2013 Reply

    the new company should ask for new W-4s from all employees and even if the don’t you can submit a new one for any changes that need to be made
    you can find help at http://www.irs.gov searching for the W-4 calculator, it should direct you what to claim

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