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Personal Exemption
Under the new tax law, the Tax Cuts and Jobs Act, beginning 2018 and future years, the deduction for personal exemptions for yourself, your spouse, and dependents has been eliminated.
- 2018 and future years, this deduction is no longer available
- 2017: $4,050
For tax year 2017, the personal 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). - 2016: $4,050
- 2015: $4,000
- 2014: $3,950
- 2013: $3,900
- 2012: $3,800
- 2011: $3,700
- 2010: $3,650