Fed withholding ?

[Coyote]

I have an employee that after having his taxes processed at H&R Block was told that I am withholding to much.
He Is single claiming 1, what can I do to reduce his withholding? He doesn't want to let uncle SAM hold his money all year.

Thanks
David

[Paul Mayer]

Single and Zero will deduct the most tax for an employee. Increasing the number of exemptions will reduce the tax.

[Coyote]

Single and Zero will deduct the most tax for an employee. Increasing the number of exemptions will reduce the tax.


I wasn't sure if I could use more than one for his deductions, this is okay even though he is single and files only one deduction?

[Paul Mayer]

Make sure you have him complete a W4 Form with the number of exemptions he wants to cover you in case he comes up short at the end of the year and he can't blame you.

http://www.irs.gov/pub/irs-pdf/fw4.pdf

[Coyote]

Thanks Paul