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Forum
-> Working Women
ny21
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Mon, Nov 13 2006, 8:43 pm
when you are hired -
I heard you can claim one for each kid
and even your mortgage?
the more decuctions the better
less will be taken out of you pay check for each deduction/
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chocolate moose
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Mon, Nov 13 2006, 8:44 pm
tht was years ago, momoftwins.
now, I think you have to have social security numbers for each of them.
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ny21
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Mon, Nov 13 2006, 8:46 pm
my mortgage does not have one!
the kids do !
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chocolate moose
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Mon, Nov 13 2006, 8:48 pm
what does that mean, you claim your mortgage as a deduction?
that's for an accountant to say, not me......
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ny21
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Mon, Nov 13 2006, 9:08 pm
I heard for real you can claim your mortgage as a dedcuction?
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chocolate moose
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Mon, Nov 13 2006, 9:13 pm
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ny21
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Mon, Nov 13 2006, 9:38 pm
can you claim your cats?
(just kidding this time )
I have no pets .
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happy2beme
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Tue, Nov 14 2006, 10:03 am
the only difference is if you get your money during the yr or at the end of the year.
If you need it during, then u take off all ur deductions, but I like to get a lump sum at the end of the yr. I take off some of the deductions but not all
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Coke Slurpee
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Tue, Nov 14 2006, 10:17 am
On a W-2 you can claim as many as you want (it doesnt have to reflect the amount of kids/mortgage or whatever you have) - the more deductions you claim, the less your employer will take out of your check and the larger your paycheck each time. You just have to be careful of the # cuz you don't want to owe the IRS during tax returns time.
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Mitzvahmom
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Tue, Nov 14 2006, 10:26 am
Sonni u took what I was going to write.... I can even tell an example..hehe
My ex disillusioned, thought I would come crawling back to him.. He still had all of us on as being dependents on him, he ended up owing quite a bit of money..
As he could not prove we lived with him anymore
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chocolate moose
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Tue, Nov 14 2006, 10:42 am
if you end up owing, and it's more than a certain amount, they take interet AND penalty!
been there, done that!
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