You may take the $700 exemption only for yourself and dependents claimed on your return. Are you claiming one dependent on your return ($700 x 2) and your husband is claiming none ($700)?
Example: You and your spouse support three dependent children with marital property funds. On separate returns, you may divide the dependents between you. If you claim two dependents, your spouse can claim one dependent. In this case, you would take a $1,400 exemption for dependents and your spouse would take a $700 exemption for dependents. You can't divide the total exemption for dependents ($2,100) equally between you. You must divide the exemption into multiples of $700 (a full exemption).
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