Whats the maximum number of allowances I can claim on my W-4 form?
15 if married filing jointly, 10 for everyone else is the highest, BUT … be VERY careful here .. you’re treading on dangerous ground. If you under pay your taxes by too much, one of two things will happen … the IRS will either require you to start filing quarterly estimated taxes (A SERIOUS pain in the butt with a lot of extra paperwork) or you could have to pay a penalty which will cost you even more at tax time. Your goal should be to be at zero dollars at tax time +/- $500. Any more than that and you’re either letting the government keep too much of your money or you’re risking the scenario I mentioned above. You didn’t say anything about your income or deductions, etc. so I can’t speculate on what you should claim … but if you’re debating about starting at 9 … I’d cut that in half and claim 4 or 5 this year and see how you’re taxes come out and then go up or down from there. I was personally claiming 3 last year and got back $3,000 (WAY too much) so I bumped it up to 5 this
