Individual and Business Tax Articles
2008 Personal Exemptions
Amount–$3,500
Phase-out of Personal Exemption–
Filing Status AGI Begin Phase-out AGI Maximum Phase-out
Married, filing joint/surviving spouse $239,950 $362,450
Heads of household 199,950 322,450
Single 159,950 282,450
Married, filing separate 119,975 181,225
For taxable years beginning in 2008 the exemption amount for taxpayers with AGI in excess of the maximum phase-out amount is $2,333.
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