Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hi,

I need help in determining the number of exemptions I can claim in my Federal Tax return (1040). I am filing as Married filing Jointly, I do not support anyone other than my wife and I do not have any children. MY WIFE DOES NOT WORK.

With the above info, will I qualify to claim 2 exemptions or 3 on my Federal Tax Form (Check below on exemptions for W4)?,

1) Enter "1" for yourself if no one else can claim you as a dependent

2) Enter "1" if:

You are single and have only one job; or
You are married, have only one job, and your spouse does not work;
or
Your wages from a second job or your spouse's wages (or the total
of both) are $1,000 or less

3) Enter "1" for your spouse.


Thanks,

Girish

Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement