exemptions is the number of people who are depending on the income. The higher the number, the less you will have taken out of your paycheck (if you put it on your W-4) and the less you would owe in taxes later. Putting 0 on a W-4 will result in more taxes being taken out on your behalf.
These are just educational activity sheets as opposed to forms you can use for your tax filing, but if you are looking for the educational ones, you can find them at www.teacherspayteachers.com/Product/Calculate-Federal-and-State-Income-Tax-Tax-Bracket-Guided-Worksheet-2023-8807523
can you briefly explain total number of exemptions one can claim? better to claim 1 or 0?
exemptions is the number of people who are depending on the income. The higher the number, the less you will have taken out of your paycheck (if you put it on your W-4) and the less you would owe in taxes later. Putting 0 on a W-4 will result in more taxes being taken out on your behalf.
Where can I get the forms you used.
These are just educational activity sheets as opposed to forms you can use for your tax filing, but if you are looking for the educational ones, you can find them at www.teacherspayteachers.com/Product/Calculate-Federal-and-State-Income-Tax-Tax-Bracket-Guided-Worksheet-2023-8807523
@@FIeducator Thanks a bunch!!
Why is my maryland tax return taking long to hit
Wish I could tell you!