A personal exemption deduction is allowed for a taxpayer, a spouse and any dependents such as children and other relatives. The amount for 2009 is $3,650 for each exemption, but this amount is reduced if the taxpayer’s Adjusted Gross Income (AGI) exceeds a certain amount. (more…)
Posts Tagged ‘Tax Planning’
Alternative Minimum Tax Planning Ideas – Personal Exemptions
November 28th, 2009 
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Posted in ATM, Contributor, Tax Planning, Taxes 
Tags: alternative minmum tax, ATM, Tax Planning, Taxes 
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