Personal Exemption

You're allowed the following deduction for each allowable exemption:

For tax year 2017, the exemption is subject to a phase-out that begins with adjusted gross incomes of $261,500 ($313,800 for married couples filing jointly). It phases out completely at $384,000 ($436,300 for married couples filing jointly).

  • 2017: $4,050 (same as 2016)
  • 2016: $4,050
  • 2015: $4,000
  • 2014: $3,950
  • 2013: $3,900
  • 2012: $3,800
  • 2011: $3,700
  • 2010: $3,650