Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Alisong1
New Member

Exemptions - what to claim?

I used to claim 2 and now I don't know what to claim.  Is there any easy translation to use with the new algorithm?

1 Reply
KanM361
Employee Tax Expert

Exemptions - what to claim?

Hello Alisong,

There are no exemptions in new W4 as personal exemptions are removed in new Tax Law. There are five Steps in the new Form W4 and everyone is required to fill up Steps 1 and 5.

Step 2 is required only if you have multiple jobs or if you are Married and filing jointly your spouse also earns income through W2. Step 3 is only required if you have dependents that you can claim and

Step 4 is only required if you have other income or deductions to claim. 

 

Following is the link to new Form W4 :

https://www.irs.gov/pub/irs-pdf/fw4.pdf 

 

Please let me know if you need any clarification on the above or have any additional questions.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v