top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Doubling exemptions

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Doubling exemptions

    Hello All,
    I hope some of you experts can answer a question I have. In Georgia it is my understanding that all exemptions are doubled when a husband and wife file together on a chp7. If that is true does that give $10000 total on household goods are just $5000 each. Also say on tools of the trade. Does that mean $3000 total or just $1500 each? If one person doesn't have anything to exempt in a certain category can it be used as a whole or just for each person? I know the homestead exemption doubles on one asset (your house), but does it work that way on everything? I've tried reading the actual law but legalese can be hard to understand. Thanks for all your help, hope I make sense.

bottom Ad Widget

Collapse
Working...
X