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What is the difference between claiming 1 and 2 on your taxes?

Asked by: ubinas 960 views YA Discussion

Last year I claimed a 2 on my taxes and ended up owing the state (MA) $ 200, and a refund of $ 300 from Federal. If I were to switch and claim 1 will the gov take out more as opposed to claiming 2 or will they take out less?

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  1. Bash Limpbutt's Oozing Cyst© on Feb 20, 2012 Reply

    Dropping from 2 to 1 will result in more tax being withheld from your pay.

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