If you need any help, feel free contact me at learntosaveontax@gmail.com

Tuesday, January 25, 2011

[Individual]How many exemptions can you claim?(Jan-25-2011, 83 days left)

You can deduct 3,650 for each exemption you can take from your taxable income.

First, you usually can claim yourself for exemption, except someone can claim you as a dependent.

Second, you may claim your spouse as your dependent, if each of the following rules applies:

  • Your filing status is married filing jointly and your spouse cannot be claimed as a dependent by another people.
  • You were married. Your filing status is married filing separately or head of household. Your spouse had no income and is not filing a return. Your spouse cannot be claimed as a dependent on another person's return.

However, if you became divorced or legally separately during 2010, you cannot take an exemption for your former spouse.


Last, if you have any other dependent, like children, parents, relatives, you also can claim the exemption. Detailed instructions to identify who is qualified as your dependents are posted in another link, named as " Dependent or Independent".


PSQ


Source: http://www.irs.gov

No comments:

Post a Comment