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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Ish who wrote (138949)7/6/2004 11:49:17 AM
From: jttmab  Respond to of 281500
 
Nice trick, wish I could have pulled that off. When I did seasonal work they withheld at the same rate as if I'd be working all year rather than a couple of weeks.

It's been quite a while since I was involved directly in this game. As I recall there are two different forms. The most common form is where you claim a number of exemptions. Even as a student, you are allowed to claim any number of exemptions you want. It doesn't have to be "1". You can make it 10 if you want. Whether it's "legal" to do that is a function of your final tax liability.

There is another form, where you can specify actual dollars to be withheld. Enter zero. Employers don't usually have that form in stock, but you can get it.

If you want some giggles, look at Pub 17, Chapter 38 for the EIC qualifications and computations. I wonder how many people actually figure that out themselves or just throw up their hands and ask the IRS to do it.

jttmab