This is related to the question: In the US, how do we make tax withholding less if we lost our job for a few months?
So the form that is similar to a Federal W-4 formFederal W-4 form is the California DE-4 formCalifornia DE-4 form.
ItFor California, it seems that for a single person, the allowanceAllowance is 1.
However, when I calculate additional allowance, let's say if my mortgage interest is $42,000, and deduct $4803 from it as on Worksheet B line 2, then it is $37,197. So if we divide $37,197 by $1000 as on Worksheet B line 8, we get 37.
So does that mean we are claiming 1 + 37
, which is 3838
Allowances? That seems a bit weird, as I expected to only increase 1 to 3 or 7 or 8, but not to such a big number 38. Does 38
actually seem correct?
Related is the W4W-4 form... so it looks like we'd claim $42,000 - $12,950
, which is about $29,000$29,050
on line 4b on the W4W-4 and that's it?