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Latest revision as of 13:26, 9 August 2026

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A personal exemption reduces your taxable income so you get paying lower taxes. You may well be even luckier if the exemption brings you together with lower tax bracket. For the year 2010 it is $3650 per person, comparable to last year's amount. Throughout the year 2008, get, will be was $3,500. It is indexed yearly for blowing up.

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