To enter exemptions
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In the Self and Spouse field, view the number of exemptions Quicken believes you have so far.
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This value is set on the Tax Planner Options page. If the value isn't correct, click Status in the top-left corner of the Tax Planner, and select the appropriate value in the Filing Status list. All options give you 1 exemption, except for Married Filing Jointly, which gives you 2.
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In the Dependents field, enter the number of dependents.
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This number, in addition to the standard exemption for you and/or your spouse, determines your total exemptions.
You automatically receive an exemption of $3,400 for each exemption you claim. However, the exemption is phased out once your adjusted gross income goes above a certain level.
For this filing status
The level begins at
Married filing joint/qualifying widow(er)
$234,600
Single
$156,400
Head of household
$195,500
Married filing separately
$117,300
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