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Wendy Reed
Wendy Reed, Enrolled Agent
Category: Tax
Satisfied Customers: 3346
Experience:  15+ years tax preparation and tax advice.
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how many exemptions can a single person claim

Customer Question

I want to pretty much break even at the end of the year
Submitted: 10 years ago.
Category: Tax
Expert:  Wendy Reed replied 10 years ago.

Hi there,

There is no limit on the number of exemptions that you can claim. If you are single, do not itemize deductions, and have income exclusively of wages (no investments, self-employment income, etc), then the best thing to do to break even is to have Single, 1 exemption on your W4. If you would like a more accurate estimate, I would need to know more about your tax situation.