I want to claim 7 allowances, my payroll manager said that was an awful lot. She would not offer any "adivse" or help to determine the number. So am I crazy? Perhaps someone out here can help me out…

I am filing jointly.
I make 000 with 00 annual bonus
My wife makes 000 with no regular bonus
No significant dividends, interest, etc.

Itemized Deductions:
000 Total Mortgage Interest for the year
00 Property Tax
0 Ad Volerum Tax (My State’s "Birthday" Tax)
00 State Tax
0 Charity
0 Car Loan Interest (does this even qualify?)
00 Business Mileage (this was reimbursed, do I still use it?)
00 Health Insurance (this may be pre-taxed?)
50 My 401K contribution (this may be pre-taxed?)
50 My Wife’s 401K contribution (again might be pre-taxed?)
No Children

I am guessing whatever the magic number is that I would do that only one W4, and would claim 0 on the other form…
In response to the third reply:

I was under the impression that deductions were most definitely revelant to Allowances you would claim. Is this not true? Isn’t the point to claim enough allowances so that you are very close to what you actually owe at the end of the year after deductions and credits.

Also, I was about 99% sure the Car Loan, Mileage, 401K, and Health Insurance did not qualify. I just wanted to check.

I am an employee of a greeting card company. I am paid salary, not commission. I am given a 0 a month expense check to cover office supplies, gas, phone, etc. However, with the cost of gas, this is not covering even gas. I am tempted to claim business mileage, however, I’m not sure I even can as, technically, I am given money for gas. My tax lady said that it wouldn’t be worth it – as my deductions would have to be more than ,600 (my deduction for being married on my federal taxes). I’m so confused. I’m pretty sure that I should be able to keep a log and claim business mileage, but I would hate to do all that work only to find out I don’t qualify. Can anyone help me by putting this in laymans terms? Thanks a bunch!

My husband uses his truck 99% for business. He drives all day long. The previous 2 years I used the mileage deduction and figured his actual business mileage to be deducted.The company pays for his fuel. This year, his company is doing something funky with reporting that cost of fuel. If they are paying for his fuel, isn’t he still able to use the mileage deduction? Mileage is not the same as doing the actual expense deduction. Mileage is "wear and tear" and "depreciation" on your vehicle. No one I work with knows. People need to understand taxes better.

I an the sole owner of as S corporation. It would be convenient for me to have it pay for my car expenses. I would also like to deduct the business mileage I drive from my income taxes. I suspect this is not legit, but just wanted to see what others had to say

Thanks

To be more specific, here are the details. My company has office which is 20 miles east of a my home which is considered where I work and commute to. So that is not deductible. I have a client of the company who is 30 miles west company office, but 10 miles west of my home. If I drive directly to the client from my home, can claim business mileage from my home to the client (10 miles) or do I get nothing since my normal commute to the office is 20 miles? What sections of tax code is this explained if known since I don’t see this scenario defined. My home is not condidered a home office nor do I do business in my home.