How Do I Stop Getting A Big Tax Return?

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Title	:	How Do I Stop Getting A Big Tax Return?
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Please explain this better
Comment from : @Harrell423

Kinda surprised Dave goes this route His whole financial strategy is to go off of what is simplistic and better for human emotions I would think that Dave would say to put in some kind of buffer to ensure you get some money back, that way there is no surprise bill due Cause what does it matter if you over pay 1-2k over a year and just get back end of year? Not like your saving that much in interest over the year compounded
Comment from : @matthewjohnston1017

Honestly its good for a lot of ppl cuz it forces them to save
Comment from : @thebeigesheep6132

It’s good to get a refund because it’s like a little savings account that you can use at the beginning of the year You don’t get interest, but you don’t get charge a maintenance fee It’s a win-win
Comment from : @carlospadilla5959

Wait how did your daughter claim 6 dependents and not even have 1?
Comment from : @nightsweats810

I'd really love to do this but my current job is new, i've only been at it for 3 months, the hours i got would vary from 18 to 20 hours a week Now for a month and a half now i've been allowed to work 1 extra hour of over time each day I don't know how long i'll be allowed to do that for I don't know if when doing the w4 should I file adding the 1 hour or?any suggestions?
Comment from : @lindajenkins5244

Isn’t putting you have a dependent on your W4 if you don’t have a dependent fraud ?
Comment from : @Lancelot0311

Can you still do this?? Claim dependents you don’t have?
Comment from : @lakeslush22

Please explain to me like I’m 5 Lol how do I lower my withholding? I have one dependent and am head of household
Comment from : @pretty_brownnn5855

Hey Dave, what's Cede & Co?
Comment from : @youretheai7586

This has got to be all bogus information My wife and I both claimed zero withholdings for all of 2021 We still owe $600 at the end of the year If we had both claimed one on our exemptions we would have an unpayable tax bill now This must only be for the rich people that don't pay taxes
Comment from : @karlporath8904

how does he expect us to know how to do a fake tax return? why do they make it so confusing?
Comment from : @sp00f34

Is it just me or is he literally not saying anything, like he cant even put together one coherent explanation of doing the math
Comment from : @nesdi6653

If you follow this advice you are committing perjury per the IRS and the instruction on the W-4 form Sometimes it's ok to say I don't know
Comment from : @MarkPiresTaxCoach

The question is why would you ever want to do this?!?
Comment from : @MaroonTiger

rather than paying more taxes during the year, would putting more into 401k be enough by lowering agi?
Comment from : @christalisaias7236

Greetings Dave and any tax pros out there I am an expat for 25 years now and I want to change my withholding to get me as close to breaking even as possible at the of year How do I apply the FEIE Foreign earned income exclusion on my W4?
Comment from : @worgasm

What’s the difference between claiming dependents and claiming exemption if I’m trying to break even and I have no kids?
Comment from : @Sahn_Cho

His daughter committed tax fraud
Comment from : @JohnDoe-fy5kd

anyone know the formula for 2020?
Comment from : @microspect

My tax refund was recover through the help of Bobstarry on IG he is a legit person
Comment from : @OlaAdegoke-py5kp

How do you take dependents of your taxes?
Comment from : @R-Mc

If they take 1400 a month thts too much I need help
Comment from : @armandocastillo9156

Would this be the same for those that use ITN ?
Comment from : @YaniceHilario

Will I need to provide any proof of these dependents ??? I’m on payroll and single making decent money I’m California so I get the life taxed out of me I can claim dependents and not provide proof as long as I’m not claiming so many that I’m paying less taxes right?? Can someone please explain???
Comment from : @LaRonchaDeTuHermana

Need an updated version of this for the new 2020 W-4
Comment from : @SnakeonFlag

The new w4 is now longer and more difficult to complete
Comment from : @flynomo

Is this only for certain tax brackets or is this for everyone no matter your situation?
Comment from : @carrigossett1056

Tax 'return' is what you file Tax refund is getting your excess payments back to you
Comment from : @dks13827

My friend was getting 6-8k tax refunds each year and I was like why so much?
Comment from : @jojohns9670

A pet peeve of mine is people who refer to their refund a "return" The return is the form you file
Comment from : @cfoskeeter

tax REFUND, not return
Comment from : @ThePeterDislikeShow

How do get to call this dude Dave all I get is voice mail
Comment from : @sunnydays4966

I’m not looking forward to taxes next year Me and the wife combined made about 200k this year I’m going to look for every possible write off lol
Comment from : @wmcfly22

I’m no tax expert; however, I believe Dave is using the wrong term On your W-4 with your employer, you claim “allowances” On your actual tax return with the IRS, you claim “dependents” Your W-4 allowances do not reduce your tax liability They simply allow you to adjust your tax withholding (Only mentioning this because there seems to be some confusion when he’s using the term “dependents” as you cannot claim more dependents than what you actually have Yes, I am getting technical because this was a technical question and words matter)
Comment from : @artbigotti2640

For me it's a good savings acct Otherwise I'll spend it on little things every month
Comment from : @06XTOR

Claiming 11 with a stay at home mom and two kids will net me a 50 dollar return Don't be afraid of the IRS calculator
Comment from : @Terror1Void

My husband and I have been claiming 0 and single forever now I found Dave and realized our money was just set aside until income tax time we thought of it as a big bonus it's not, it was our money the whole time!! Already changed my info in payroll to married and 4 exemptions we will see how it goes!!
Comment from : @sarahpollick269

If I got a 10k return
Comment from : @tiffanyalvarez1363

Learn from new zealands tax system, tax codes that withhold the right amount automatically cut down on forms and simplify the dependants versus working for families
Comment from : @lardook

Isn’t it wrongful to claim false amount of dependence?
Comment from : @Splizify

Just play with the # of dependents each year until it gets to the number you're comfortable with
Comment from : @marcusarelius

IRSK
Comment from : @JesusTakeTheWheelPlease

Pure knowledge right here folks
Comment from : @jamalcole1985

Yes if you’re single claim 2 that’s how you get to no tax return that’s what I do no it’s not exact but it was within $200
Comment from : @krassimirpetrov7131

Not related to video but What’s a good amount to have saved at 22? I never like to compare my finances but I would truly like to know
Comment from : @igrifftv6633

so on my withholding I can say like six people even though it's just me one and so when I do my taxes I get a bigger refund?
Comment from : @7LilTish9

Americans spend more on Taxes every year than food, clothing, and housing combined! We pay more than ever in taxes and our government is 23 trillion dollars in the hole Add the 200 trillion in unfunded liabilities coming due over the next couple decades and our debt to gdp ratio is over 1,000 The debt will never be paid off The governments favorite tax is inflation Every body pays it and I can guarantee Americans will only get much poorer the longer this scam goes on
Comment from : @RusskiCommieBot

When you owe taxes at the end of the year you will be glad you didn’t claim 3-5! You still owe Uncle Sam taxes unless you’re making chump change! Claiming 1 for peace of mind!
Comment from : @KnightsUCF88

Dave it is exemptions not dependents
Comment from : @Reptitude

Claim Zero
Comment from : @simplywine00

I claimed 9 one year I didn’t get penalized and I cut a check to the IRS bc I wanted all my money! It was nice to have that extra monies
Comment from : @mattenderle1766

Dave you are a genius
Comment from : @mrbudget2457

Ohhhhh Fake tax return
Comment from : @Kushert

I claim what the W-4 describes to claim 7 all totaled with my specific family details That still leaves about $600 refund, which is a comfortable cushion to not end up under-paying the IRS if something changes mid-year, but not so much overpaid that it actually matters
Comment from : @ColinJ388

Keep on claiming everything you possibly can and let them come to do all the working out for you
Comment from : @canman5060

Listen to Dave All will be well I did exactly what he said and went to my payroll dept at work and asked them to withhold a specific amount because the exemptions amount was bogus
Comment from : @GenExDividendInvestor

We have zero and zero on our form and we still owe money every year
Comment from : @ae4xo

Most people have an effective 0 or negative tax rate, so a refund is the only way to get that money
Comment from : @krisanderson3796

Could someone explain this to me like I’m 5 Why would you not want a refund? Is it because since it’s getting taxed, the amount that you’re getting back is less than you can have made?
Comment from : @cg1996-d8j

The IRS actually has a calculator on their website and you give them all your info like earnings, mortgage, bills, debt and so forth It will reccomend you an option to get you close to no return
Comment from : @86faST13