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May 10, 2011
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Filing Status and Exemptions
by: Stephanie

As long as you are no longer living with your husband you can file as head of household with your two children.

The IRS worksheet should help you to determine how many exemptions you can claim in order to be able to break even on your income taxes.

However; If you want to make sure you are covered, especially when losing your mortgage deduction, you may wish to claim less until you find out for sure what your tax liability is after filing your first Head of Household tax return.

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