Personal Exemptions

Updated on: Jun 26, 2018

An exemption is an amount you claim as a deduction against income to calculate your taxable income.


The new tax law reduces the personal exemption amount to zero ($0) for tax years for tax years 2018 through 2025.

Previous (2017)

You could claim an exemption for yourself, your spouse, and for each person you claim as a dependent on your tax return. In tax year 2017, you could claim $4,050 for each exemption. However, your exemptions were reduced if your adjusted gross income (AGI) was above a certain amount:


  • $156,900 for married individuals filing separate tax returns;
  • $261,500 for single individuals;
  • $287,650 for heads of household; and
  • $313,800 for married individuals filing joint tax returns or qualifying widow(er)s.
The amount you are entitled to claim for each exemption is zero ($0) for tax years 2018 through 2025.

How will this affect me?

Scenario 1

Ben and Amelia file a joint tax return. They also have two children they claim as dependents. They expect their total AGI for 2018 to be approximately $120,000. While they may be entitled to claim four exemptions in 2018, each exemption is worth $0.

Where to find it on the tax return: