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I accidentally claimed too many allowances on w-4. will claiming 5 allowances on my W-4 cause the IRS to audit me when I filed with only 1 dependent?
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June 5, 2019
11:36 AM
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Get your taxes done using TurboTax
Your W-4 is just for your employer so they withhold as much or as little from your paycheck as you request. Your W-4 does not dictate how many exemption you can claim on your actual tax return. On your tax return, you claim the number of dependents (if any) that you really have.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
June 5, 2019
11:36 AM
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Get your taxes done using TurboTax
Thank you, this is what i thought but i wanted to be sure since this involves the IRS. 🙂
June 5, 2019
11:36 AM