To understand how allowances worked, it helps first to understand how tax withholding works. Whenever you get paid, your employer removes, or withholds, a certain amount of money from your paycheck.

Q: My wife and I are about to buy a house for the first time. We want to increase our tax withholding at work because of the new deductions home ownership will bring, so we consulted an accountant. He ...

Imagine getting a $16,000 check out of nowhere! That’s what happened to one Dallas father. Ben Grubert is a salesman with a wife and two young daughters. He considers himself and average guy, living ...

Since World War II, the federal government has required that employers withhold money from their employees’ paychecks throughout the year to pay federal income taxes. Employees determine the amount of ...

I just moved here from Arizona and was wandering how many dependents I should claim.I don't have any kids or a spouse. I was told if I claim zero they will take a lot of my paycheck...any advice would ...