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If you claim the perfect number of allowances, you'll owe no tax and end up with a refund of $0. Image: DonkeyHotey, Flickr. The W4 form is short and might seem like it should be easy to fill out, yet it still confuses many people. A key confounding issue is how many allowances to claim on the W4.mage: DonkeyHotey, Flickr The W4 form is short and might seem like it should be easy to fill out, yet it still confuses many people. A key confounding issue is how many allowances to claim on the W4. Let's take a look at the W4 form, at what allowances are, and at some strategies you might employ.
When this happens, you may need to give your employer a new Form Wâ4 to change your withholding status or number of allowances. If the event changes your withholding status or the number of allowances you are claiming, you must give your employer a new Form Wâ4 within 10 days after either of the following. Your divorce, if you have been claiming married status. Any event that decreases the number of withholding allowances you can claim.