Tax Trails - Personal Exemptions |
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There are two types of exemptions: personal exemptions and exemptions for dependents. You are generally allowed one exemption for yourself and, if you are married, one exemption for your spouse. Personal exemptions reduce your taxable income.
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your own exemption | an exemption for your spouse | Main Menu
For additional information regarding exemptions, please refer to Publication 501, Exemptions, Standard Deductions, and Filing Information. Publication 501 is available for download or you may request a copy of it by calling 800-829-3676.
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Page Last Reviewed or Updated: December 04, 2008