What does "exemption" mean on the 1040 tax form?
Q. I'm an independent contractor and I'm filling out my 1040 tax form, but in the "Exemption" section of the form, what does it mean by "(check box) Yourself. If someone can claim you as a dependent, do not c heck box 6a..." I am single with no children..do I need to check this box? Thank you :)
Asked by xyz - Fri Apr 4 23:26:03 2008 - United States - 3 Answers - Comments

A. Generically, an "exemption" is something that excludes certain things from from something else. In this case, a "tax exemption" allows a certain amount of your income to legally avoid taxation. Specifically, "exemption" on the 1040 tax form is the count of the number of dependents or other people (such as children) who are financially dependent on you. This number (i.e., "tax exemptions") is used to determine how much of your income can legally avoid taxation. If you are single with no children then, you (usually) have no other exemptions besides yourself.
Answered by Brian J - Sat Apr 5 08:33:30 2008

What does an "exemption" mean on my tax papers?
Q. I have to fill out on my FAFSA how many exemptions am I "claiming." I did work last year. Can someone please explain what an "exemption" is? and why did my dad's accountant fill out my 1040 in early 2009 and put in "Exemptions: 01." ? My FAFSA was accepted by my school, but I think I made a mistake. I put in 00 for exemptions.
Asked by pea in a pod - Sat Jan 16 20:18:43 2010 - United States - 1 Answers - Comments

A. on tax returns an exemption amounts to $3650 for everyone on the return, ie. man, wife, and any children they list on your's if your father is claiming your exemption you have none on your return
Answered by tro - Sat Jan 16 20:22:45 2010

I'm going back to school. I'll be changing my W-4 to reflect as such. What does "tax exemption" mean?
Q. I'm trying to understand what will change. I still have to pay income tax, correct? Will I be paying at a reduced rate? Will I get more back when I file at the end of the year? Or will nothing really change? I am not a dependent. I'm 27.
Asked by Stephanie W - Tue Nov 3 09:27:14 2009 - United States - 5 Answers - Comments

A. You still pay taxes on your earnings. You might be eligible for a tax credit, but still have to file annual returns, pay withholding, etc. "Exempt" on W-4 means exempt from withholding. You only qualify as exempt if you paid absolutely NO income taxes the prior year, received a FULL refund of every cent of withholding for the prior year, and you expect ZERO tax liability for the coming year. In other words, your income has to be so low that you paid no taxes last year, and will not have to pay any for the coming year either. Hard to qualify. Serious penalties for underwithholding and/or filing "exempt" when you are not.
Answered by ibu guru - Tue Nov 3 09:34:00 2009

Can someone explain "personal exemption"?
Q. I am filing my taxes using an advanced online turbo tax. I received income as self employed as well as by being an employee. other info: single, no dependents,average income I would like to know if the personal exemption is already configured on turbo tax or if I need to do something to claim it. Also, who qualifies?
Asked by emily.renee - Sun Mar 29 22:55:08 2009 - United States - 2 Answers - Comments

A. You qualify to claim your personal exemption as long as you are not a dependent on another return. The exemption for 2008 is $3500. Be sure to double check that it is on your return! Sue from H&R Block This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more.
Answered by hrblocksusan - Sun Mar 29 23:04:01 2009

What does "exemptions" on the income tax return mean?
Q. I have four..what does that mean?
Asked by HN - Wed Feb 4 17:35:16 2009 - United States - 2 Answers - Comments

A. Exemptions = Dependents Just another word game to confuse folks.
Answered by Badger Boise - Wed Feb 4 17:43:05 2009

In order to be eligible for a "smog exemption" does the vehicle have to be registered to you?
Q. I purchased a used vehicle from someone and when it came time to get the vehicle smogged it would not pass smog. So the vehicle is not registered in my name so would I still be eligible for a "smog exemption"?
Asked by - Sun Mar 27 07:39:59 2011 - Insurance & Registration - 2 Answers - Comments

A. I dont know and the only way to find out is to ask someone who works for the smog place. Check with them and get back to us, on that one ok?
Answered by - Sun Mar 27 08:22:13 2011

Should there be any "morals exemption" for employers regarding the health insurance they offer employees?
Q. Would a presidential mandate that all insurance cover "reparative therapy" for gay people who want it free of charge be acceptable?
Asked by American citizen and taxpayer - Wed Mar 14 12:26:46 2012 - Law & Ethics - 4 Answers - Comments

A. Once you permit the govt to mandate things they can mandate whatever they want. That is why this is so much bigger than contraceptives.
Answered by jaker - Wed Mar 14 12:30:37 2012

My 1040A form asks for the "Exemptions" and has check boxes for "Yourself" and "Spouse". What's an exemption?
Q. Whats an exemption and should i check "Youself"?
Asked by Lucifer - Tue Apr 10 00:07:48 2007 - United States - 4 Answers - Comments

A. Yes check "yourself." You get a $3,300 deduction for yourself. Basically it is the same thing as a dependent, but you wouldn't consider yourself a dependent of yourself.
Answered by tma - Tue Apr 10 00:13:05 2007

What is "welfare exemption"?
Q. This term found in "The California Nonprofit Corporation Kit" Thank you very much Griffin. Now whats the difference between "Real and personal property"?
Asked by christopher.verzonilla - Thu Dec 13 04:49:17 2007 - United States - 4 Answers - 1 Comments

A. Real property is real estate -- land, buildings, etc. Personal property is any other property -- vehicles, furniture, etc.
Answered by Bostonian In MO - Thu Dec 13 05:48:29 2007

What what does "Medicare exemption" mean?
Q. I got my first job at a fast-food and the manager handed me this form to fill up with my details (name, address, bank account details, etc.) and then I encountered this "Medicare exemption" thing which requires me to circle "yes" or "no"... what does it even mean?... well uhmm... I have a Medicare card.. does that help?
Asked by - Wed Dec 7 10:15:19 2011 - Government - 1 Answers - Comments

A. Call up medicare and ask them.
Answered by Will - Sun Dec 11 04:36:28 2011

What does "exemption" mean on the fafsa application?
Q. The fafsa application asks for the number of exemptions from the 1040 form. What does this mean. My father is the only one that works and the rest of us(4) depend on him. So would that be 5 exemptions including him because he depends on himself?
Asked by lulu - Wed Feb 8 15:01:56 2012 - Financial Aid - 2 Answers - Comments

A. Look on the tax forms. Line 6d.
Answered by trh2000_2000 - Wed Feb 8 15:20:02 2012

How can i get out of having to buy health insurance with the "religious exemption" on obamacare?
Q. i don;t believe in doctors, i believe it is all up to GOd how i am healed, How can i be exempt from obamacare?
Asked by Billy Cunningham - Fri May 14 01:33:06 2010 - Politics - 4 Answers - Comments

A. Join the Christian Scientists , the Amish, or Islam They all have a religious exemption Or you can create your own like me and then sue if they make me pay :D
Answered by - Fri May 14 01:35:21 2010

what does fafsa student dependent "3650 equals one exemption" mean?
Q. I am a parent. I claim my child as a dependent. On the student section of fafsa it asks to list number of dependents. Since I claim her is it zero. I dont understand the 3650 equals one exemption part? Please help! Also, do you know if fafsa is based on partents adjusted gross income or total wages?
Asked by LC456 - Thu Jun 3 19:50:43 2010 - Financial Aid - 1 Answers - Comments

A. Since you claimed her on your taxes that line number has a 0... that is no exeptions. On the EZ form, if she would have claimed herself, that 0 would be 3,650. (one exemptions) Or if she would have claimed herself and someone else (2) that line number wouldn't have a zero or a 3,650 but instead it would be 7,210 (2 times 3,650). Her fafsa efc is based on all those things!!
Answered by just not that - Thu Jun 3 21:20:22 2010

What is "matriculation exemption"?
Q. I was on the verge of registering for summer courses at a community college and there's a section called "matriculation exemption request". It has a list of things to choose from, which are: 1) I request exemption from matriculation Assessment/Orientation: 2) Earned associate degree or higher 3) Interested only in activity, skill building, personal growth or job skills/training Assessment Only: 4) Completed English, reading ormath at another college 5) Taken assessment at another college (approved by RHC) 6) Taking less than 7 units and not intending to pursue an AA/AS degree, certificate, or 4-year degree
Asked by ailime - Fri Mar 27 16:37:38 2009 - Higher Education (University +) - 1 Answers - Comments

A. Well, exemption from matriculation means you wouldn't graduate from that school. I'm not sure about the others, so you should call the school and ask them directly.
Answered by crw - Fri Mar 27 17:56:34 2009

Florida's "Super Exemption?" Are you for or against it?
Q. Can you explain the difference?
Asked by Hitlary - Thu Dec 27 13:02:21 2007 - United States - 2 Answers - Comments

A. I would definitely be for it. It provides more money for the people by reducing taxes. This will stimulate home sales which in return stimulate many other job markets. Even renters will benefit because rent prices will not increase due to lower expenses for landlords. When many people have more money, they tend to spend more. This will stimulate the service industries. The people against the "super exemption" state that it will hurt local governments. I believe that governments need to become more efficient. Overall this proposal will be good for Florida's economy.
Answered by Brian H - Thu Dec 27 15:47:16 2007

what the heck is this "notice of exemption"?
Q. this is what is says: You are hearby notified that under the above described writ, I, the undersigned Sheriff of the City of St. Louis, MO, have been ordered to levy upon your property, to wit: commerce bank (2nd paragraph begins:) Persuant to Supreme Court Rule 76.075, you are advised that 513.430 and 512.440 of the Revised Statutes of MO, set forth..., make certain property exempt from execution, and you are advised that there are certain exemptions under state and fed law which you may be able to claim with respect to the property levied upon. (3rd pgph:) To claim any exemption w/ respect to the property levied upon, you must file a verified request in the Office of... You may file your request in person or by mail and must do so w/in… [cont.]
Asked by j_cardwell@sbcglobal.net - Fri Apr 10 02:11:41 2009 - Personal Finance - 1 Answers - Comments

A. Could be. Credit rating will be gone. Levy is a charge for being behind or the extra book work they had to do
Answered by PJJ - Fri Apr 10 02:24:49 2009

What does it mean to be "exempt" from a tour?
Q. In bowling and golf you always hear how athletes get an "exemption" for a season. What is an exemption?
Asked by gcwrestling08 - Tue Dec 26 23:32:03 2006 - Other - Sports - 1 Answers - Comments

A. they don't have to qualify for a tournament .for example in every bowling tournament they have a qualifier for a few open spots to get into the top 64..and in golf except for the majors is is the same way to fill the 144 spots for every tournament..example if i was to bowl in a tournament i would have to finish at least in the top 5 to get into the open spots for a tournament ..their also could be as many as 15 it just depends how many exempt bowlers show up
Answered by nas88car300 #16 THe Biff gets one - Wed Dec 27 07:00:32 2006

How to use the word "waive" in this case?
Q. I know that the word "waive" means kind of like "exemption". But I want to use it in writing a letter for a school principal asking him to let me exempt a certain class. So should I say I am asking for your permission to waive that class?? Or how should I use it?
Asked by - Wed Jun 22 10:30:09 2011 - Words & Wordplay - 5 Answers - Comments

A. I'd use the word "waiver" instead. The principal should grant the class a waiver...
Answered by Den B7 - Wed Jun 22 10:33:27 2011

Are the Republicans who are trying to get an exemption for "Christians" to Bully laws morally bankrupt?
Q. Republican lawmakers are trying to get an "exemption" for Christians to the anti-bully laws that make it a crime to bully a person foe their sexuality. They are using religion as their method to change the law so that so called "Christians" would be exempt from the law on "moral" grounds? Is there anything at all moral in that. Some say they have made a mockery over the suicide death of a teen due to bullying because he was gay. Have Republicans become so morally bankrupt and have their so called "family values" become so skewed that they have become a joke to many?
Asked by Fly In the Ointment - Wed Nov 9 23:46:22 2011 - Law & Ethics - 2 Answers - Comments

What are "exemptions" on the fafsa?
Q. What are "exemptions" on the fafsa? it says enter your parents exemptions for 2011? my parents are married and i have 2 sisters. all of us are under 20 and we're dependents. i dont have a parent who is in the clergy or a veteran of the armed force. they don't speak english well and don't understand what it means, so i cant ask them.
Asked by that just happened. - Tue Jan 3 18:08:58 2012 - Higher Education (University +) - 1 Answers - Comments