can you claim zero exemptions
Each exemption that you claim on your W-4 form decreases your taxable income by $3,800 as of 2012. For example, if your annual salary is $33,800 and you claim one exemption, your withholding amount will be based on a $30,000 annual salary. Pamela Follett/Demand Media. Effects. You may claim as many exemptions as you are legally entitled or as few as you wish. For example, if you are entitled to claim one exemption, you can choose to claim one or zero. Each exemption that you claim lowers the amount of money withheld from your paycheck.