An amount of income that is not subject to taxation. The most common example is the exemption amount taxpayers can claim on income tax returns for themselves, their spouses, and their dependents. This amount changes from year to year.
Related information about exemption amount:
- Personal Exemptions
The personal exemption amount is indexed annually for inflation. For tax year 2012, the personal exemption amount is $3,800. For a personal exemption ...
- Personal exemption (United States) - Wikipedia, the free encyclopedia
A tax deduction for a personal exemption amount for the individual taxpayer, the taxpayer's spouse, and the taxpayer's child or other dependent for purposes of ...
- Tax Exemption Amounts | Bankrate.com
Jan 9, 2012 ... You can take an exemption deduction for yourself, your spouse and each dependent you claim. On 2011 returns, this exemption amount is ...
- Personal Tax Exemption – Federal Tax Guide • 1040.com – File ...
For 2011, the exemption amount is $3,700, regardless of your income. You can take a personal exemption for yourself unless another taxpayer can claim you as ...
- Exemption Amount Chart - Maryland Taxes
Make sure you check both boxes (6) and (7) of Form 503 or the Dependent Form 502B who is eligible to be claimed as an exemption is under age 19 before the ...
- Exemption Amount for Taxpayers Housing Midwestern Displaced ...
Form 8914. Department of the Treasury. Internal Revenue Service. Exemption Amount for Taxpayers Housing. Midwestern Displaced Individuals. ▷ Attach to ...
- Publication 505 (2012), Tax Withholding and Estimated Tax
For tax years beginning in 2012, the personal exemption amount is increased ... The AMT exemption amount is decreased to $33,750 ($45,000 if married filing ...
- The Federal Lifetime Gift Tax Exemption Amount Of $5,120,000: Use ...
Jun 6, 2012 ... 6 Jun 2012 - United States - Tax - The Federal Lifetime Gift Tax Exemption Amount Of $5120000: Use It During Calendar Year 2012 Or Lose It ...