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Question
i have a daughter and am pregnant. im wondering how much more i will get back if i claim 3 instead of 2 (im single)
Submitted: 20 days and 4 hours ago.
Category: Tax
Value: $30
Status: CLOSED
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State/Country relating to question: California
Already Tried:
i had a baby in january of 2009. until her birth i claimed 0. once she was born i have been claiming 2 - i am unmarried. i just found out i am pregnant again and due in july - my question is how much more will i recieve on my paychecks once this new baby is born. im trying to make the best possible decisions for my family financially and am really worried! thanks - oh, before taxes i make approximately 850 a week
Accepted Answer
Hello kittys,
For each exemption that you claim, what it does is exempt $3,650 from your annual pay from being subject to taxes. In your salary range, this would mean a savings of another 15% in federal tax and approximately 5% in CA state taxes on that amount.
So your paychecks should have approximately $10.50 less withheld each week for federal tax and $3.50 less on CA state tax, for a total of $14 less each week in taxes.
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Thank you kittys and please let me know if you have more questions.
Expert:
Merlo
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Answered:
11/2/2009
Accountant
25+ years tax consulting. Specializing in returns for US citizens living abroad
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