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Individual income tax: Are there personal exceptions and how do you apply?

The personal exemptions were available to all taxpayers.

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However, personal exemptions were eliminated at the federal level in 2017.


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What are personal exemptions?

For the 2017 tax year, the personal exception was $4,050 per person. Exemptions are not the same as deductions– personal exceptions were available to all taxpayers regardless of their expenses.

During the Tax Cuts and Jobs Act of 2017, personal exemptions were no longer available. However, if you are filing your 2017 taxes, you have an opportunity to request them.

Exemptions were filed for spouses and dependents. However, if someone claims you as a dependent, then you are ineligible to receive the credit. Even if you weren’t claimed as a dependent, but were eligible to be claimed then you also lost the opportunity for the credit.

The amount of the credit was dependent on income. In 2017, single filers with an Adjusted Gross Income (AGI) above $262,500 a year received a reduced break. People making over $384,000, automatically didn’t qualify for the personal tax exemption.


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