# Tax Guru's Enter Please.... **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 24, 2008, 7:25am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528 "2008-03-24T07:25:39Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 24, 2008, 7:25am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/1 "2008-03-24T07:25:39Z")
The past two years I have been getting screwed on taxes. It went from me getting a decent federal return and paying it to taxes for the state. My parents have always had my taxes done with an accountant and claimed me as a dependent and I think that the reason I owed was I have been pulling a 40k a year income through college. My question is that I now am filling out my forms for my full time job taxes and am wondering, if I make a normal combined income and only have deductions such as a student loan and no dependents, am I OK claiming 1 on my state and federal tax forms? ---
**Author:** ![focusinprogress](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/focusinprogress/32/7227_2.png) [@focusinprogress](https://forums.speedlife.net/u/focusinprogress)\ **Post date:** [March 24, 2008, 8:35am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/2 "2008-03-24T08:35:03Z")
chances are filing 1 will be OK, but you will get next to nothing back at the end of the year. Filing 0 is the absolute best way to go, you will get a great return at the end of the year and the amount they take out wont hurt you paycheck to paycheck. I eve sometimes like to have an additional 1% per check taken out for bonus return $$$$ ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [March 24, 2008, 8:41am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/3 "2008-03-24T08:41:39Z")
> [@focusinprogress](#): > > I eve sometimes like to have an additional 1% per check taken out for bonus return $$$$ sidenote: where this works for people who have little to no control over their saving/spending…this isnt a great option (no interest earned). direct deposit to a savings account may be better, but it depends on your situation. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 24, 2008, 8:43am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/4 "2008-03-24T08:43:20Z")
> [@focusinprogress](#): > > chances are filing 1 will be OK, but you will get next to nothing back at the end of the year. Filing 0 is the absolute best way to go, you will get a great return at the end of the year and the amount they take out wont hurt you paycheck to paycheck. I eve sometimes like to have an additional 1% per check taken out for bonus return $$$$ That’s actually just plain a bad idea. The government doesn’t give you free loans. Why are you giving them one? :picard: ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 24, 2008, 8:43am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/5 "2008-03-24T08:43:51Z")
I hate the idea that the IRS takes money tho and holds it all year and gives me no interest. My goal is to maximize my paycheck and not get a return back. The only thing I want refunded is going to be my student loan deduction which I am ok with which I am just going to reinvest anyways. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 24, 2008, 8:45am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/6 "2008-03-24T08:45:17Z")
> [@boxxa](#): > > My goal is to maximize my paycheck and not get a return back. 👏 I’ve been claiming married with 2 dependents for a few years now. It’s worked out well for me. ---
**Author:** ![jay\_g](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jay_g/32/111288_2.png) [@jay\_g](https://forums.speedlife.net/u/jay_g)\ **Post date:** [March 24, 2008, 9:00am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/7 "2008-03-24T09:00:48Z")
I claim 1 and interest from student loans, end up owing NY a few bucks and getting a few hundo back from gov. every year. If I didn’t have the student loans I would be paying on both. ---
**Author:** ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)\ **Post date:** [March 24, 2008, 10:27am UTC](https://forums.speedlife.net/t/tax-gurus-enter-please/45528/8 "2008-03-24T10:27:02Z")
just remember if you claim 1 dependent you may owe some money at the end of the year. so as long as you plan for that your ok.