Should I claim 0 or 1 withholding on my W-4 if I am single, full time college student, parents claim on taxes, and have one part-time job making less than $1000/year?
032018
3 Replies
Texas Roger
Level 15
Jun 4, 2019 4:06:57 PM
Do you have any scholarships that pay for non qualified expenses such as room and board? They would be taxable in addition to your part-time job income.
beachgirl1981-
New Member
Jun 4, 2019 4:06:59 PM
I have scholarships but none that pay for non qualified expenses. Thank you for your help.
Texas Roger
Level 15
Jun 4, 2019 4:07:00 PM
With the part time job for less than $1000 per year as your only taxable income, you could claim 1 for withholding or you could actually claim "exempt" since you will owe no taxes.