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Will I Owe Money If I Claim 1? [Solved]

Tips. While claiming one allowance on your W-4 means your employer will take less money out of your paycheck for federal taxes, it does not impact how much taxes you’ll actually owe. Depending on your income and any deductions or credits that apply to you, you may receive a tax refund or have to pay a difference.

Will I owe money if I claim 1?

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Why Do I Owe Taxes If I Claim 0 Exemptions || Why I Owe The IRS So Much In Taxes This Year

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