Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I am single and claimed 2-allowances on my W-4, and always…

Customer Question
I am single and claimed...
I am single and claimed 2-allowances on my W-4, and always enjoyed a refund after filing my tax return. I have sold my house and will no longer have the benefit of the mortgage interest deduction, with that said how many allowances should I claim on my W-4 if I want to continue to have a refund?
Submitted: 2 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 4 minutes by:
3/4/2016
Tax Professional: Tax.appeal.168, Tax Accountant replied 2 years ago
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 4,652
Experience: 3+ decades of varied tax industry exp. Tax Biz owner
Verified

As you no longer have the mortgage interest deduction, you may not be receiving refunds in the future. However, you can claim 0 allowances, which means that they will withhold more. You can also request a certain additional amount be withheld from your paycheck. There is really no way of guaranteeing that you will receive a refund, even if you claim 0 allowances. You can always make estimated tax payments as well.

Let me know if I can be of further assistance to you regarding this matter. If all is clear, a positive rating of 3 or more stars is appreciated so that I can receive credit for assisting you.

Ask Your Own Tax Question
Was this answer helpful?
Ask Tax.appeal.168 Your Own Question
Tax.appeal.168
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 4,652
4,652 Satisfied Customers
Experience: 3+ decades of varied tax industry exp. Tax Biz owner

Tax.appeal.168 is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,495 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,272 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I understand I need a pin to allow my tax return to be filed
Hi... I understand I need a pin to allow my tax return to be filed electronically since our accountant was hacked last year and we had to go in and identify ourselves last year... as I understand ther… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,027 satisfied customers
I filed my tax return electronically on 4/2/17 and requested
I filed my tax return electronically on 4/2/17 and requested that the balance due be taken out of my checking account electronically on 4/14 and the estimated tax due on the 4/17 also be withdrawn fro… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
Is the mortgage interest I paid in 2017 considered income? I
Hi, Is the mortgage interest I paid in 2017 considered income? I am using Turbo Tax and its asks for the amount in box 1 of my mortgage tax statement (which is mortgage interest paid). On turbo tax th… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
Would it be an issue if i file my W-2CM or tax return
Hi! Good day! Would it be an issue if i file my W-2CM or tax return directly to IRS rather than in CNMI 'coz i'm already here in the Philippines and not working anymore in CNMI? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,272 satisfied customers
The allocation of mortgage interest & real estate taxes on a
the allocation of mortgage interest & real estate taxes on a married filing separately.return one spouse owns the house and his name is ***** ***** name on the mortgage.Is the other spouse entitled to… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am trying to deduct allowable expenses for the following.
Hi, I am trying to deduct allowable biz expenses for the following. 1) meals with wife as we talk business. 2) meals I must eat, while traveling to my projects. 3) Refreshments I buy on long trips, li… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
I filed an estimated tax payment with the wrong voucher
I filed an estimated tax payment with the wrong voucher date. … read more
Marcia Mitrano
Marcia Mitrano
MBA
62 satisfied customers
If a person did not file income tax for 4 years and then
If a person did not file income tax for 4 years and then passed away, can the taxes be legally filed after death? … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,495 satisfied customers
My live-in partner put the mortgage interest on his taxes
My live-in partner put the mortgage interest on his taxes with a deduction of $3800. If we were to split that in half since I pay half of the mortgage what is the fair amount I would get … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
Can I take mortgage interest and the standard deductions?
Can I take mortgage interest and the standard deductions? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,272 satisfied customers
You answered that I could amend my tax return to allow for
You answered that I could amend my tax return to allow for 32,000 benefit for filing married joint. will I receive refund or discontine payment since I am on an installment repayment plan. If I amend … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
242 satisfied customers
Is this true: filing a joint return as allowed for the year
Is this true: filing a joint return as allowed for the year of death - then you would need to report all income for both of you which includes a forgiven debt reported on Form 1099-C.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Can I deduct mortgage interest, real estate taxes, utilities
Can I deduct mortgage interest, real estate taxes, utilities and condo fees for a commercial rental property that I have not made available for rent? I am assuming that Building appraisal fees, and le… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I mistakenly entered an amount in the estimated tax payments
I mistakenly entered an amount in the estimated tax payments (line 65) but I have already filed for 2017. So I called the IRS but was told I must file a 1040 x with the correct info. Have completed bu… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I claimed my son on my w-4 but he filed his taxes and
I claimed my son on my w-4 but he filed his taxes and claimed himself already. in order for me not to owed I have to claim him. right? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
I am filing MFS 1040 return. I have mortgage interest which
I am filing MFS 1040 return. I have mortgage interest which is paid from mine and husband joint account. Tax-wise it is beneficial for me to deduct more on schedule A than for my husband. Is it okay t… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,244 satisfied customers
Pearl. My tax question is about mortgage interest deduction.
Hi, Pearl. My tax question is about mortgage interest deduction. I had equal co-ownership of a property with my ex-fiance from January through October 2017, when I transferred sole ownership of the pr… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
4,652 satisfied customers
I made estimated tax payments in 2017, just found out I
I made estimated tax payments in 2017, just found out I didn't to. Now What … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,129 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x