Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84 exptools; site ihopa.UUCP Path: utzoo!watmath!clyde!cbosgd!ihnp4!ihopa!joepwro From: joepwro@ihopa.UUCP (Joe Wroblewski) Newsgroups: net.taxes Subject: Re: Increasing deductions because of a mortgage Message-ID: <351@ihopa.UUCP> Date: Thu, 27-Feb-86 12:42:10 EST Article-I.D.: ihopa.351 Posted: Thu Feb 27 12:42:10 1986 Date-Received: Fri, 28-Feb-86 22:34:22 EST References: <104@spp5.UUCP> Distribution: net Organization: AT&T Bell Laboratories Lines: 16 > [}{] > Is it > legal to increase the number of deductions on a W-4 so that we won't have > to have a huge tax refund at the end of the year? > how do I go about figuring how many deductions to take > Definitely, The W-4 usually comes with a work sheet to help you figure out how many deductions you should take. I personally claim 10 deductions (which was calcualted using the work sheet) and I usually come very close to paying the right amount (+/- $100). Joe P. Wro