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Q: What does deferral in home tax exemptions mean in Texas?
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"Texas Our Texas" means it's "our" home.


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Are there any personal exemptions of property in a bankruptcy action?

If you mean exemptions of personal property, as opposed to real estate, yes, but they depend on state exemptions or federal exemptions in states that allow a choice of state or federal exemptions. Consult a local bankruptcy lawyer for specifics for your state.


What does it mean in bankruptcy if a state doesn't allow federal exemptions?

That means your state doesnt allow a debtor to use federal exemptions in order to keep items/property of a certain value. If your state doesnt allow federal exemptions, then the state will have their "own" BK exemptions.


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How many exemptions can Diana and Henri claim on their joint return?

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.


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