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W4 Allowances?

Posted: Thu May 19, 2016 12:13 am
by Anonymous User
So how many should I claim? BigLaw summer associate. Single, no kids. Don't anticipate any other income this year

Re: W4 Allowances?

Posted: Thu May 19, 2016 12:41 am
by Aeon
Anonymous User wrote:So how many should I claim? BigLaw summer associate. Single, no kids. Don't anticipate any other income this year
Run your information through the IRS Withholding Calculator: https://www.irs.gov/individuals/irs-wit ... calculator

Re: W4 Allowances?

Posted: Sun May 22, 2016 1:19 pm
by narfkarta
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.

Re: W4 Allowances?

Posted: Sun May 22, 2016 2:30 pm
by BmoreOrLess
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.
This is ensuring a huge interest-free loan to the treasury.

Like others have said, run your stuff through the IRS calculator. It got me within $43 of being correct last year.

Re: W4 Allowances?

Posted: Tue May 24, 2016 5:42 am
by ballouttacontrol
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

Re: W4 Allowances?

Posted: Tue May 24, 2016 11:05 am
by Anonymous User
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.
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.

Re: W4 Allowances?

Posted: Tue May 24, 2016 11:21 am
by Anonymous User
I used 23

Removed

Posted: Tue May 24, 2016 11:52 am
by Danger Zone