Should I File 0 or 1 on My Taxes?
Choosing whether to claim 0 or 1 on your W-4-style withholding certificate affects how much income tax is taken from each paycheck and whether you are likely to owe or receive a refund when you file. The right choice depends on your income sources, cash flow needs, and risk tolerance. This guide walks through when each option tends to make sense, the trade-offs involved, and safer ways to fine-tune your withholding.