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Wayne Brasch
Wayne Brasch, Accountant and Business Consultant
Category: Tax
Satisfied Customers: 1298
Experience:  Master of Science in Taxation. Tax experience since 1963.
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The more exemptions you claim, the less taxes are ...

Customer Question

The more exemptions you claim, the less taxes are taken out of your income?
Submitted: 10 years ago.
Category: Tax
Expert:  Wayne Brasch replied 10 years ago.
That is correct, but they are no longer called exemptions for Federal tax withholding purposes. They are called withholding allowances. This involves more than exemptions did in the past.

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