Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 17:14, 25 August 2026
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A personal exemption reduces your taxable income so you get paying lower taxes. You might be even luckier if the exemption brings you using a lower tax bracket. For the year 2010 it is $3650 per person, identical to last year's amount. In 2008, was $3,500. It is indexed yearly for rising prices.
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