Recommend Our Site to Your Friends!

Print This Page

Subject:  Increase W-4 Allowances
Date:  Sat, 12 Mar 2005
From:  Mike

Michael,

How do I figure the additional exemptions to claim for interest expense and property taxes for my principal residence?

Mike

Answer

Date:  Fri, 01 Apr 2005

Hello Mike,

There is a worksheet included with Form W-4 that you can use to make the computation. Alternatively, hire someone like me to do it for you.

Good luck!
Mike Gray

For answers to new questions, subscribe to our newsletter, Michael Gray, CPA's Tax & Business Insight by filling out the form below.

IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained on this website was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.