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From: szyld@duke.UUCP (Daniel B. Szyld)
Newsgroups: net.taxes
Subject: Re: Increasing deductions because of a mortgage
Message-ID: <6972@duke.UUCP>
Date: Fri, 28-Feb-86 09:11:39 EST
Article-I.D.: duke.6972
Posted: Fri Feb 28 09:11:39 1986
Date-Received: Sun, 2-Mar-86 02:44:15 EST
References: <104@spp5.UUCP>
Reply-To: szyld@duke.UUCP (Daniel B. Szyld)
Distribution: net
Organization: Duke University
Lines: 15

Regarding increased excemptions to avoid a large refund...

Simply file a new W-4 with your employer. The form has instructions which 
are easy to follow. Essentially you estimate your deductions and the form
gives a formula for the number of exceptions to claim. There is absolutely
no relationship between that and the excemptions to be claimed in your 1040.
The only detail to have in mind is not to own too much, and thus avoid a
penalty. Another warning: After 10 exceptions, there is no difference in the
witholding (I think) AND the IRS flags you in case you are a tax protestor.
-- 

Daniel B. Szyld, Dept.of Computer Science, Duke University, 
Durham NC 27706-2591. Phone (919)684-3048. Telex 802829 DUKTELCOM DURM
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