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I was wondering if I can claim up to 9 exemptions for a year without IRS permission and use the money to invest throughout the year(I can only claim myself at tax time). Then Come tax time next year, take some of the invested money back out and pay the tax bill that will be owed. I heard that as long as you don't go over 9 exemptions you are allowed to do this. Is this true?

I believe that 10 is the limit that you can claim without IRS permission. I have claimed 10 for nearly many years.

If you claim as many withholding exemption as you indicate you'll probably have to pay estimated taxes in order to avoid an underpayment penalty.
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