Can someone please point me to the post about companies changing our tax withholdings without our consent. I have searched for it and can't find it. Thanks!!
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i don't have the link sorry, but am hoping to calm you and others down. no matter what you or your consent puts on your w-4 for dependents when you file your taxes you'll be taxed accordingly based upon your ACTUAL # dependents.
if your w-4 was filled out with say 3 dependents they government and your company would assume you needed more of your paycheck to survive so they'd take less money out each pay cycle. if in fact you're just a single person then when it comes time to do your taxes you'll likely have to kick in more money since so little was taken out each paycheck. or perhaps you just end up not getting as much of a refund as you might have been used to if the # of dependents changed this year.
i always recommend putting excess dependents so you get to hold and manage the money over the year but if you don't manage money well this could be a bad idea if you end up owing taxes and you've spent it all!
conversely, if your w-4 is filled out with 0 dependents but you have 3 dependents actually then you're likely to get a large refund
given the uncertainty of the fiat dollar in this current environment I'd suggest getting as large a paycheck each week as you can. you should be able to change this w-4 during the course of the year if you become aware that too much money is being taken out
good luck
Thank you for taking the time to explain that. I appreciate it?
no problem. i saw lots of folks hyped up over their w-4 filing status. while it's concerning that anyone's company might make an unauthorized change to their w-4 it should be a nullity in the end