The National Directory of Certified Public Accountants

Ask A CPA - Exemptions - Personal - 2016

Personal Exemptions 2016

Every taxpayer is entitled to this deduction for themselves, spouse and each of their dependents. For the year 2016 there is a phase-out of this deduction. The Phase-outs are:Single $259,400 to $381,900 MFJ and surviving spouses $311,300 to $433,800 MFS $155,650 to $216,900 Head of Households $285,350 to 407,850.

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