How much money can I expect from a tax exemption?
May 4th, 2010It’s my first year in a new job and I am currently claiming 1 on my W4. My tax return was a little smaller than I had hoped this year, so I was thinking of claiming 0 to give me a bigger "bonus" next year. How much money can I expect to disappear from my paycheck which is usually around 50 after pre-tax deductions, and about 0 after taxes now?
Replys
Go to:
http://www.paycheckcity.com
Click on payroll calculator and run the numbers.
it depends on what your tax bracket winds up being and it’s a called a tax REFUND, not a tax return – go to http://www.paycheckcity.com and plug your pay info into the paycheck calculator to see how much your net pay will change
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