Berkeley CSUA MOTD:Entry 46019
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2025/05/24 [General] UID:1000 Activity:popular
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2007/3/19-22 [Reference/Tax] UID:46019 Activity:low
3/19    My itemized tax return will end up to be about $5000. In fact I've
        been getting $4000-$6000 very consistently for the past couple of
        years. What's the best way to get less taxed (per month) so that
        my yearly return will be near $0? The idea of the government
        holding ~$5000 of my money for a whole year is kind of weird.
        \_ Increase the number of deductions on your W4. -ausman
           \_ I increased it from 2 to 3 and the amount was insignificant,
              maybe $500-600 or something? I'm not sure. I'm just not
              seeing a big difference. What's up?
              \_ Look at the worksheet. It tells you how many to claim
                 for every xxx dollars in deductions you expect.
        \_ I actually claimed '12' in my W4 (yes, you can even go higher if you like)
           and that seems to bring it down. Play around with the scenarios, increasing
           from 2 to 3 isn't enough - try '6', '7', etc.
        \_ I actually claimed '12' in my W4 (yes, you can even go higher
           if you like) and that seems to bring it down. Play around with
           the scenarios, increasing from 2 to 3 isn't enough - try '6',
           '7', etc.
        \_ I claim 9 federal/6 state. <--- home owner.