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how many exemptions can a single person claim

Customer Question
I want to pretty much...
I want to pretty much break even at the end of the year
Submitted: 10 years ago.Category: Tax
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Answered in 16 minutes by:
2/20/2007
Tax Professional: Wendy Reed, Enrolled Agent replied 10 years ago
Wendy Reed
Wendy Reed, Enrolled Agent
Category: Tax
Satisfied Customers: 3,346
Experience: 15+ years tax preparation and tax advice.
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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.

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Wendy Reed
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