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Jon Andrews
Jon Andrews, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 3118
Experience:  I deal with all levels of tax planning and controversy - from the ordinary to the complex.
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What does it mean when i claim 1 on my income taxes ... ...

Customer Question

What does it mean when i claim 1 on my income taxes
Submitted: 11 years ago.
Category: Tax
Expert:  Jon Andrews replied 11 years ago.

There are two places where you "claim" a number such as this.

The first is on your W-4 that you provide to your employer so that the employer knows how much income tax to withhold from your paycheck. On this form, claiming 1 means that you are asking the employer to base your income tax withholding on the IRS table that is adjusted for "1" withholding allowance.

The second is on your actual tax return (Form 1040, Form 1040A, or Form 1040-EZ). On this form, claiming "1" means that you are claiming the allowable personal exemption for yourself but not for anyone else (such as a spouse or a child).

If you need additional information in this regard, please let me know.

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