turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If i claim 0 all year and then a child and myself when i file, is that how i get the most back on my refund

Im currently claimin 0 on my w4, i rent a home, i dont own a car, so when i file for my refund, i will claim myself an my child, is this a smart move to get the most back?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

If i claim 0 all year and then a child and myself when i file, is that how i get the most back on my refund

It may get you a bigger refund, but you are essentially giving the IRS an interest free loan all year.
**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.**

If i claim 0 all year and then a child and myself when i file, is that how i get the most back on my refund

Claiming 0 allowances on your W-4 does not guarantee that you will receive a refund. For example, if you have several different jobs during the year, it is likely that not enough tax will be withheld to get a refund even if you claim 0 allowances on each job. You can use this calculator to help you estimate your situation: <a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tools/calculators/w4/">https://turbotax.intuit.com/tax-tools/calcula...>

If i claim 0 all year and then a child and myself when i file, is that how i get the most back on my refund

Yes, if you want to pump up your refund that is the way to do it. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies