HOW DO I CHANGE MY EXEMPTIONS

ON MY W2 FORM I CAIMED O THROUGH THE YEAR AND WOULD LIKE TO CLAIM 1 ON MY TAXES ... HOW DO I CHANGE THIS ON MY RETURN
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    You use the W4 form at work to change exemption numbers for your tax withholding throughout the year at your place of employment.

    The W2 form might also have a "report" area of what was shown as your W4 status for the year, but that doesn't influence how or what you have for exemptions on your actual tax return.

    When you enter yourself on the tax return, you are allowed the $3700 personal exemption deduction, unless you are able to be claimed on another return as a dependent.  If that is the case, then the person who can claim you on their return as a dependent is entitled to that $3700 personal exemption deduction amount.

    Entering a spouse on a return also gives a spouse personal exemption deduction of $3700 when a married couple is filing a joint return.

    Any qualifying dependents entered into the tax return (i.e. children or other qualifying relatives or dependents) allows $3700 per dependent in personal exemption deductions.

    The TurboTax program does all this automatically as you enter the information into the Personal Information section of the program.  You do not need to take any other action than entering your required information into the program (just be sure it's accurate).

    The other deductions are "standard" or "itemized".  You are able to use one or the other, depending on which one is greater.  Standard deduction for single or married filing separately filers this year is $5800, head of household (those with a dependent who meet the requirements for the filing status) is $8500, and married filing jointly or qualifying widower is $11,600.  Itemized deductions are the deductions you can account that are medical, work, mortgage, property tax, charitable donation, and similar deductions.

    Deductions only reduce your taxable income for comparison in the tax tables and are not the same as credits, which offset your tax liability dollar for dollar.
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