If you have a substantial amount of income outside your job, such as income from freelancing or money from investments, you should claim fewer allowances than you actually have. Claiming fewer allowances means the employer withholds more money from each paycheck, and that can reduce the amount ...
Fill out the Deductions and Adjustments Worksheet on page 2 if you will be itemizing your deductions or claiming credits or income adjustments on your return. To complete this section, you will need an estimate of your itemized deductions, adjustments to income and any non-wage income. To facto...