Exemption Allowance Amounts
Exemption Allowance |
||
2007 |
2008 |
|
Exemption Allowance |
$3,400 |
$3,500 |
The allowance is reduced if AGI exceeds the amount for the filing status. |
||
Filing Status |
AGI* |
AGI** |
Single |
$156,400
|
$159,950
|
Married Filing Jointly |
$234,600
|
$239,950
|
Married Filing Separately |
$117,300
|
$119,975
|
Head of Household |
$195,500
|
$199,950
|
Qualifying Widow(er) |
$234,600
|
$239,950
|
*The exemption for 2007 cannot be reduced below $1,133.
**The exemption for 2008 cannot be reduced below $2,333.
**The exemption for 2008 cannot be reduced below $2,333.