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joeu2004 joeu2004 is offline
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Default 2008 federal payroll withholding tax

On Jan 5, 5:18*am, Bob wrote:
I was on that site and got the rates for single and married. What
I needed to know is about dependets 1-2-3... I found the answer,
each dependent goes up $134.62 married and single.


Well, that is true for biweekly payroll periods; and the amount per
allowance has nothing to do with filing status. Technically, it is
not necessarily related to the number of dependents, either. It is
based on the number of withholding allowances that you declare, which
may or may not be the same as the number of filing exemptions or
dependents. See p. 36 of IRS Pub 15, available online using the
aforementioned URL, as JLGWhiz explained.