number of allowances on paycheck

Feb 20, 2007 3 Replies

I'm trying to find information on how the number allowances you claim on your paycheck, affects the federal taxes witheld. I am currently claiming 2, and am getting too much taken out of my check still, and got back too large of a refund. I would like to balance this out a little better. Is there a % on how each time you add an allowance, x% less will be taken out? Thanks



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Download Publication 15 from

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and turn to the section on "Percentage Method of Withholding". It has all you want to know.

-- Rich Carreiro snipped-for-privacy@animato.arlington.ma.us

There is a withholding calculator on the IRS website that will walk you right through it.

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-Ernie-

See IRS Pub. 15 (Circular E) for details on withholding.

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