An amount excluded from taxable income, given to any taxpayer who cannot be claimed as a dependent by another taxpayer.
Related information about 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 ...
- 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 Tax Exemption – Federal Tax Guide • 1040.com – File ...
You are allowed a personal exemption for yourself, your spouse if married filing jointly, and each person you can claim as a dependent. For 2011, the exemption ...
- TPC Tax Topics | 2013 Budget - Reinstate Personal Exemption ...
2013 Budget - Reinstate Personal Exemption Phaseout and Limitation on Itemized Deductions.
- What is the personal exemption?
Jul 22, 2011 ... Personal exemptions provide that only a person's income above some defined basic level is subject to tax. They thus help ensure that the ...
- Personal Exemption Definition | Investopedia
A separate personal exemption is accorded to every man, woman and child in the ... For example the amount of the personal exemption was $3700 in 2011 and ...
- Personal Exemptions Explained - DailyFinance
Dec 28, 2010 ... If two taxpayers believe the child qualifies as a personal exemption under the other five tests, special tie-breaker rules apply: If only one of the ...
- Personal Exemptions | City of Boston
The fiscal year Personal Exemption application is available online immediately following the issuance of the 3rd quarter tax bill. Those taxpayers seeking the ...