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For questions about the meaning and usage of specific terms used in personal finance, alternative names for concepts, etc.

2 votes
2 answers
8k views

What are tax allowances? How many should I claim?

I've been asked by my employer to fill out a form with my US Tax Information. One section of the form, (State/Local Tax Data: NYS IT-2104), asks for my allowances. I generally understand that allow …
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