Vanessa A
Expert Alumni

Get your taxes done using TurboTax

It depends on your income and goals. As a single person with no dependents, you will have a higher tax liability and fewer if any credits to lower your tax liability. 

 

If you do not have enough taken out, then you will also be subject to a penalty on the underpayment.  

 

However, your maximum IRA contribution is $8,000.  The difference between the standard deduction and head of household for 2025 is $7,500.  So in reality, this could be the difference in the offset, between your contribution and your lower deduction.  This would be a form of tax planning if you choose to do so.

 

 There is no rule that says you MUST change your W4 to single. 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post