W4 Allowances? Forum
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Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
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Anonymous User
- Posts: 432656
- Joined: Tue Aug 11, 2009 9:32 am
W4 Allowances?
So how many should I claim? BigLaw summer associate. Single, no kids. Don't anticipate any other income this year
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Aeon
- Posts: 583
- Joined: Mon Nov 16, 2009 10:46 pm
Re: W4 Allowances?
Run your information through the IRS Withholding Calculator: https://www.irs.gov/individuals/irs-wit ... calculatorAnonymous User wrote:So how many should I claim? BigLaw summer associate. Single, no kids. Don't anticipate any other income this year
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narfkarta
- Posts: 133
- Joined: Wed Jan 07, 2009 6:40 pm
Re: W4 Allowances?
Single 0 (you may even get a refund this way) or Single 1. These are the safest for you to ensure you don't have a significant tax bill due when you file next year.
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BmoreOrLess
- Posts: 2195
- Joined: Wed Apr 11, 2012 10:15 pm
Re: W4 Allowances?
This is ensuring a huge interest-free loan to the treasury.narfkarta wrote:Single 0 (you may even get a refund this way) or Single 1. These are the safest for you to ensure you don't have a significant tax bill due when you file next year.
Like others have said, run your stuff through the IRS calculator. It got me within $43 of being correct last year.
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ballouttacontrol
- Posts: 676
- Joined: Tue Sep 15, 2015 9:00 pm
Re: W4 Allowances?
just do like 50 so you get to keep all your money. no one gives a shit. I got a 100% full refund both years I summered at diff sets of firms in diff situations
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Anonymous User
- Posts: 432656
- Joined: Tue Aug 11, 2009 9:32 am
Re: W4 Allowances?
I was usually around 30 as a single biglaw SA for 12 weeks. Just use whatever the withholding calculator gives you. OP, please ignore the above quote.narfkarta wrote:Single 0 (you may even get a refund this way) or Single 1. These are the safest for you to ensure you don't have a significant tax bill due when you file next year.
