Personal Allowance Worksheet E thru H: W-4 Tax Form

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Introduction

An expert CPA teaches how to fill out the Personal Allowances Worksheet of a W-4 tax form; learn more tax form tips in this free tax form video.

By: Tom Noah

Source: Expert Village

Length: 1:50

Comments: 0

Tags: tax help taxes

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Video Transcript

"The next line is line E which says "enter 1 if you would file as head of household on your tax return. We want to look at head of household above that is not the situation in our example but the IRS does give you a little definition of head of household. Head of household filing status only if you are unmarried and paying 50% of the cost of keeping up a home for yourself and your dependents or other qualifying individuals. So since that is not the case in our example we enter 0 on line E. We would go to line F and it says "enter 1 if you have at least $1500 of child support or dependent care expensive which you can claim a credit. So in this case we are going to enter 0 because they do not plan to have this much expense. We go to line G child tax credit and there is some information here that states "If your total income would be less then $57000. $85000 if married enter 2 for each eligible child." If your total income would be between $57000 and $84000 that is $85,000 and a $119,000 if married enter one for each eligible child. In this case James would enter 1 for each eligible child so that is 2 total. Then we would add lines A through G which comes to 5 and we would put that on line H. So we have 1,2, and 2. That complete the personal allowance worksheet."

eHow Article: Personal Allowance Worksheet E thru H: W-4 Tax Form

Expert Village: Tom Noah

Tom Noah

Video Series: Personal Finance

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