Comments for Lost My Job

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Sep 12, 2011
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W4 Exemptions
by: Anonymous

If you were claiming 4 exemptions on your W4 before you lost your job and now your wife got a new job, it is fine for her to claim 4 exemptions as well. The amount of exemptions you claim is typically based on the amount of people in your household and will help insure that you are paying in the proper amount of taxes throughout the year.

You don't always have to claim the same exemption as the number of people in your household, however. Often times people will claim a lower exemption so that more taxes will be withheld so that they can get a bigger refund at the end of the year. Or others may claim a higher exemption so that they can get more money back on each of their paychecks for example.

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