How many exemptions can I claim?
Asked by: tmoran
I am 23 years old and just started working at a new company where I work full time at $ 15 an hour. I live on my own in an apartment and currently claimed 3 exemptions on my W2. Is there a way to calulate how much more per pay period I would receive as opposed to claiming 1-2? I would like as much out of my paychecks as possible without owing money at the end of the year on my return. Would I benefit from claiming Head of Household? In the past when I have claimed myself with 1 job, my takes have been roughly 12-14% and I have been receiving 500-700 on my tax return. How can I optimize this for maximum paychecks?