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Message: <blockquote data-quote="Old One" data-source="post: 2251826" data-attributes="member: 83">Jeff,Hate to disagree, but I think you are confusing "exemptions" - which are family members/dependents you can legally claim on your tax return with "allowances" - which are a management tool on the W-4 form to ensure you don't have too little (or too much) withheld from your paycheck.  The two are related, but independent items. If you are single, with no dependents, then you will claim one exemption on your tax form and might very well claim one allowance on your W-4.  However, if you are married, have 2 kids, a big mortgage, live in a state with high state income taxes and make lots of charitable contributions, you will claim four exemptions on your Form 1040, but might very well claim 7 or 8 allowances on your W-4.  IIRC, you can claim up to 13 allowances on your W-4 before you need to attach an explantory note to the IRS. If you claim more exemptions than you are legally allowed on the Form 1040 (such as claiming a family pet, fictitious person or child that no longer qualifies for dependent status) and sign the return, then you have committed an illegal act and are liable for perjury (not to mention back taxes, penalties and interest if caught).Current W-4 PDF is <a href="http://www.irs.gov/pub/irs-pdf/fw4.pdf" target="_blank">W-4</a>While the signature block does indicate that by signing you are testifying the form is correct, if you are routinely getting big federal tax refunds, it means you haven't completed the worksheets correctly.  You are under no obligation to overpay your taxes and provide the government free use of your money.  Adjusting your W-4 is a perfectly valid (and legal) way to manage your tax withholding, either up or down.~ OO</blockquote>

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