Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
Will claiming 10 alert the government?

No. The employer has to send a copy of the W-4 to the IRS if a W-4 has more than 10 personal allowances claimed, or claimed to be exempt from federal income tax withholding and the expected wages are $200 a week or more. If the IRS Service Center thinks the W-4 filing is inappropriate, the IRS can direct the employer to treat it as if another number of personal allowances was declared. (I have a coworker to purposely claims only 9 allowances to avoid possible IRS interference in his withholdings--he doesn't even want to take the chance at 10 in case the employer turns out to be over-zealous to forward a copy of the W-4 to the IRS.)

FAQ: W-4 http://www.irs.gov/faqs/faq-kw245.html

Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.