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How many exemptions can Diana and Henri claim on their joint return?
Wiki User
∙ 13y ago
Married filing jointly one exemption for each taxpayer that is listed on the 1040 federal tax return would mean a total of 2 exemptions. 1 plus 1 equal 2.
Wiki User
∙ 13y ago
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How many tax exemptions can you claim?
You are only supposed to claim the number of qualifying exemptions that you are qualified to claim.
How many should you claim on your income taxes?
You should claim all the exemptions to which you're entitled. Unless you're claimed as a dependent on someone else's return, you're entitled to a personal exemption. If you're married, your spouse also claims a personal exemption. Claim one exemption for each dependent, if any. The number of exemptions is one of the items on your return that reduces the amount of your adjusted gross income (AGI).Go to www.irs.gov/formspubs to view/print Publication 501 (Exemptions, Standard Deduction, and Filing Information).
If you itemize can you claim a personal exemption?
Yes but to itemize you will have use the schedule A of the 1040 income tax return and that does NOT have any affect on your exemptions that are entered on the 1040 federal income tax return page 1.
If you use the standard deduction can you claim personal exemptions?
No
Can your parents claim you for taxes and you claim yourself?
In the US, when another taxpayer is entitled to claim you as a dependent on their income tax return, you cannot take an exemption for yourself even if the other taxpayer does not actually claim you as a dependent.Then Exemptions for DependentsDependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later.Go to the IRS gov web site and use the search box for Publication 17 (2009), Your Federal Income Tax for Individuals go to chapter 3 ExemptionsYou can click on the below related link
How do you claim exemptions with your withholding certificate on your tax return?
Form W-4 is Employee's Withholding Allowance Certificate. It's an IRS form that you fill out for your employer. Employers keep completed W-4 form with their employment tax records.Often the number of exemptions that you claim on Form W-4 won't be the same as on your tax return. The exemptions on Form W-4 are designed to help your employer deduct the correct withholding amounts from your earnings.Also, Form W-4 only offers two filing statuses (Single, Married Filing Jointly). But your federal tax return has five filing statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household, Qualifying Widow(er) with Dependent Child.In filling out your return, you choose your exemptions according to specified situations (a choice of five filing statuses, personal/dependent exemptions). So you don't match the number of exemptions on your tax return with the number on Form W-4.For more information, go to www.irs.gov/formspubs for Publication 501 (Exemptions, Standard Deduction, and Filing Information).
How does the number of exemptions claimed affect the amount of taxes you will pay?
The number of exemptions that you claim affects the amount of taxes that you will pay by lowering them. That is if the exemptions are claimed when you file your taxes. The more exemptions that you claim on your paycheck, the more you money you receive in your pay each week, rather than having more in your tax refund.
Can you claim your child if they file taxes too?
Yes as long as all of the rules are met by and the child to be your qualifying child dependent on your income tax return. Dependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later. Make sure that the dependent indicates on the 1040 income tax return that him/her is using indicates this and cannot claim the 3650 exemption amount on the income tax return that is being filed.
What was Princess Diana's claim to fame?
You tell me.
Can you claim your husband on your tax return?
If you're Married Filing Jointly, then you're allowed one personal exemption for you and one exemption for your husband. You can't claim your spouse as a dependent. Even if you're working and your spouse isn't, you can't claim your spouse as a dependent because you're allowed to claim two personal exemptions for the two of you as a married couple filing jointly.
Can you claim your spouse as a dependent on your tax return?
No. If you're Married Filing Jointly, then you're allowed one personal exemption for you and one exemption for your husband. You can't claim your spouse as a dependent. Even if you're working and your spouse isn't, you can't claim your spouse as a dependent because you're allowed to claim two personal exemptions total for the two of you as a married couple filing jointly.
Do you get more money in your paycheck if you claim 99 on exemptions?
Yes, if you have a higher number of exemptions, you will receive more money in your paycheck. You will have to pay more money for taxes at the beginning of the year.
