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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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should i claim 1 or 0 on my w4

Customer Question

I am a single male and I have no one to claim. I seem to never get much back for refunds and I am not sure if the reason is because I claim myself (1) on my w4. Should I claim (0) to get the most back?
Submitted: 12 years ago.
Category: Tax
Expert:  Jon Andrews replied 12 years ago.

Claiming 0 will get you the highest refund, but that is offset by the fact that your regular paycheck will be lower. Some people use that as a "savings account" so that they do get that big refund, but, if you are financially responsible, you are better off getting the money throughout the year and not getting a huge refund.

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