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    Exemptions

    Is there a limit on the number of exemptions one can claim on his W4? At one time I was told if you claimed 10 or more you had to send something with your return to prove the number. I have a client who makes pretty good money and also gets pretty good refunds. He would like to set his return up so he doesn't have ;to pay but also doesn't get a very large refund. Help. thanks Ted

    #2
    No Limit

    There is no limit. Don't let a payroll clerk try to tell you otherwise.

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      #3
      Just for the record...

      They're called allowances. They have only a vague relation to personal exemptions.
      Evan Appelman, EA

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