At what level is the exemption phased out?

Article ID: 59309  

At what level is the exemption phased out?


Deduction for personal exemptions suspended For 2018, you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents. (The personal exemption amount will appear as zero in the OLT software)



The personal exemption for tax year 2017 remains $4,050.  However, the exemption is subject to a phase-out. You lose at least part of the benefit of your exemptions if your adjusted gross income (AGI) is above a certain amount. For 2017, the phaseout begins at the following amounts. 


Filing StatusAGI Level That Reduces 
Exemption Amount
Married filing separately $155,650  
Single 259,400  
Head of household 285,350  
Married filing jointly 311,300  
Qualifying widow(er) 311,300  



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Views: 928 Created on: Jun 15, 2013