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Federal Taxes

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  • Federal Taxes

    When you are completeing your W-4. Is it the higher your allowances the more money taken out or the less?

  • #2
    The higher your allowances, the less taken out.

    The number of allowances you take does not have any affect on your tax liability, so if you take too many you will still owe tax at the end of the year.
    The above answer, whatever it is, assumes that no legally binding and enforceable contract or CBA says otherwise. If it does, then the terms of the contract or CBA apply.


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