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who used federal exemptions instead of state exemptions???

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  • wantout
    replied
    My state uses its own exemptions...

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  • OHBOY
    replied
    Originally posted by music12 View Post
    you would use the federal exemption when the state didn't bother to update its exemptions. like, if the state exemptions include a cow, a horse, and a couple of sheep...
    One would also use State exemptions, in states that do not have federal exemptions available, as is the case in Florida.

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  • tdawg
    replied
    used federal exemptions in Washington state because it allowed me to exempt cash and tax return since I have no equity in my house.

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  • music12
    replied
    you would use the federal exemption when the state didn't bother to update its exemptions. like, if the state exemptions include a cow, a horse, and a couple of sheep...

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  • anuta
    replied
    We used Federal exemptions. In our case the fed exemptions were much more adventageous. Plus our lawyer advised us to do so.

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  • who used federal exemptions instead of state exemptions???

    Just wondering who used federal exemptions instead of state exemptions in your case and why you chose to do so?

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