I am a long-term temp, which Tax option is best for me?

Question

Should I write in 0 or 1 in the box where it says to claim it now or later? I am really confused by this option. What is the benefit or loss from either of these options?

Thanks for any help

Answer 1

Go to www.irs.gov and click on "More Forms and Publications".  Click on "Tax Publications" in the "View Online" section.  Then scroll down to Publication 919-"How do I adjust my withholdings".  This will assist you with withholdings.

Answer 2

If you are a dependent, put 0, otherwise put 1.  They'll take out more tax if you put zero.  If you overpay, the extra will be refunded to you when you file.