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<<I find myself in the opposite position, where my withholding is too high due to several homeowner related deductions.

I am currently claiming single 2 on my W-4, which is the most a single person with no dependants can claim if they fill out the form following the instructions.

Is it legal to lie and claim single 4 and try to bring my withholding in line with my actual taxes?>>

Actually, the form DOES permit a single person with no dependents to claim more allowances. On page 2 (the back) of Form W-4 there's a worksheet for determining additional exemptions you may claim because of anticipated deductions. If you use that worksheet to claim more allowances you should be able to reduce the size of your overwithholding.

Note that there's no requirement to turn in this worksheet. Just keep it for your records.

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