top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Question on doubling

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

    Question on doubling

    I see that the federal exemption is doubled for a husband and wife.

    Is the unused homestead exemption that can go toward any property also doubled? ($10,125 x 2 = 20,250 total exemption?)

    Also, is there a limit on vehicle exemptions? How many can be exempted based on value?

    I couldn't find the answer in search.

    Thanks a ton!

    #2
    Yes, the wildcard can be doubled for marrieds. I believe it's one car per person as long as both vehicles aren't just in one spouse's name. We have 3 cars we're keeping... 1 for me, 1 for DH under auto exemptions, and 1 for DD using wild card. Oh, and the vehicle exemption under Federal is 3,225 each
    BKForum Blog: The Journey

    sigpic

    Comment


      #3
      Thanks

      Thanks, Trixie. That clears it for me. The post I found about it was confusing as written, so just wanted to know the right answer.

      Comment


        #4
        He-he-he. Well, hopefully I gave you the right answer! I searched high and low on the internet - so many sites give different numbers! I was amazed how many sites there are that have updated some of the numbers, but not others in the list of exemptions! I do feel pretty confident about these though.
        BKForum Blog: The Journey

        sigpic

        Comment

        bottom Ad Widget

        Collapse
        Working...
        X