Personal Exemption
Can be claimed for the taxpayer and spouse. Each personal exemption reduces the income subject to tax by the exemption amount. For 2001, the exemption amount was $2,900.
Source: Internal Revenue Service
Can be claimed for the taxpayer and spouse. Each personal exemption reduces the income subject to tax by the exemption amount. For 2001, the exemption amount was $2,900.
Source: Internal Revenue Service
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