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Revision as of 04:13, 27 July 2026


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

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You can more season. Don't think you can file by April 20? No problem. Get an 6 additional months by completing Form 4868 Automatic Extension of your energy to Submit.

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