The maximum you can *legally* take is an amount equal to one per each personal exemption you're able to claim, plus one for every $3,500 you expect to claim in itemized deductions over your standard deduction amount.
That all said, there is no limit to the number you can claim on a W-4 (if you're willing to be illegal about it). However, be warned that if you claim more than 9, your employer is required to submit a copy of the W-4 to the IRS with their quarterly payroll tax return. If 9 or under, your employer merely keeps it in their files.
All you employees out there, proceed accordingly.
Sooo...if we are claiming 10 right now...is the employer reporting it quarterly?
However, be warned that if you claim more than 9, your employer is required to submit a copy of the W-4 to the IRS with their quarterly payroll tax return.
When I was doing large payrolls, the W-4 had to be sent to IRS within 10 days by the employer.