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Starting a new job, have question regarding deductions?

I just been given a job offer, after nearly 2 years of not working. I will be making 18/hr. Due to this being mid November of a year what deductions can I make to give my money the most. Like claim 17 dependents for remainder of year and then lessen it to the correct amount in Jan. I know I can claim exempt status. Any other suggestions? Please only those that are FAMILIAR with Human Resources/Salary please answer. Thank you!

Asked By: wisconsheepgirl - 11/9/2007
Best Answer - Chosen by Asker
As long as you have no other source of taxable income, like unemployment or a spouse's earnings, go ahead and start with this plan since you expect to have no taxable income for 2007. Otherwise, don't do it... More
Answered By: Steve - 11/10/2007
Additional Answers (6)
fhwehwht
Answered By: megan j - 11/9/2007
 
since ur not allowed to claim so many dependents unless u actually have them i would say claim as many as you can OR file exempt then change it in Jan. thats about the only legal things you can do
Answered By: Lorraine - 11/9/2007
 
ALL I CAN TELL YOU ,IS THEY TAKE 25% TO WORK,AND10% TO SPEND THE REST OF WHATS LEFT
Answered By: THE"IS" - 11/9/2007
 
you have given little information on which to base an answer, so I will make some assumptions... More
Source(s):
Answered By: skip - 11/9/2007
 
claim zero then at the end when you do taxes claim one
Answered By: bob P - 11/9/2007
 
If you claim exempt status, then it doesn't matter if you claim allowances or not - exempt says they don't take out anything for income taxes. Be sure you change it for the beginning of the year. Congrats on landing a job, and one paying decently - good luck, I hope it works out well for you.
Answered By: Judy - 11/9/2007
 
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