Wildcard Exemption...NC

[mimic]

Am filing jointly and was told that we have a Wildcard Exemption we can use of $5000. Would that be $5000 between the two of us each of us have one?

Thanks!

[bkfdrusa]

Depends on the state you live in and whether the state has their own exemptions or federal exemptions. In NE, it's joint. Per head is 2400.

[mimic]

Am in NC....anybody know?

Thanks.

[kvangild]

Am in NC....anybody know?

Thanks.

I believe it's" $5000 per spouse and an additional $1000 per dependent that can be used to protect household goods" is what my uncle told me.

[brokeasajoke]

From what I understand it is 5000.00 per joint filer, 1000.00 per dependent up to 4.

So in my case, filing jointly with DW, with 5 kids we'd get 5K per spouse and 1K per child, 4 of them... So we have 14,000.00 total.

I'm in the western district in NC...

[brokeasajoke]

Sorry, I just reread the OP.

For Wildcard, it is 5000.00 per filer for a max of 10,000.00. I was thinking of the household goods exemption in my previous post.