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Ask Barbara Lamar Your Own Question
Barbara Lamar
Barbara Lamar, Tax Lawyer, CPA
Category: Tax
Satisfied Customers: 188
Experience:  JD, MBA University of Texas at Austin, over 18 years representing small businesses
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Customer Question

I need to bring home more money out of my check. If I increase my exemptions will that help.
Submitted: 11 years ago.
Category: Tax
Expert:  Barbara Lamar replied 11 years ago.
You'll take home more money now by increasing your exemptions, but you'll end up paying penalties and interest if you claim too many exemptions and end up owing money on your taxes at the end of the year.
Customer: replied 11 years ago.
Reply to Barbara Lamar's Post: IS THERE A MAXIMUM NUMBER OF EXEMPTIONS I CAN TAKE OR AM I LIMITED TO 4?

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