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Personal Exemption
The personal exemption is a deduction of $3,000 allowed for every person on
your return: you, your spouse (if filing a joint return), and your dependents.
If your adjusted gross income is over the threshold for your filing status,
you will not be able to use some or all of your personal exemption. We will
figure out the reduction for you. The thresholds are:
Single - $137,300
Married filing joint return - $206,000
Married filing separate return - $103,000
Head of household - $171,650
Qualifying widow(er) - $206,000
The exemptions for yourself, your spouse and your dependents cannot be claimed for AMT purposes.
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