Quote:
Originally Posted by Run Silent
OP - there have been at least 2 CPA's that have commented in this thread - I am number 3. Follow our advice over the yahoo's that don't have experience in this matter. Go talk to a proper CPA or at least a tax professional in your area.
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Thanks for all the responses. I'm in the very early stages of the home-buying process. When I move farther along, I'll ask a CPA to help me on this. Definitely not going to mess with my W4 until it has their blessing.
Quote:
Originally Posted by 2000cs
Do you want to owe, but not so much that you incur a penalty for under withholding? That will help the CPA to help you.
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This. I claim 2 allowances (1x for being single, 1x for single income), my Federal tax bill last year was $60 after taking the standard deduction.