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josemanuel46
New Member

1040 worksheet from 2017 had line 42 which provided a $8100 exception. was it removed from 2018

 
1 Reply
MinhT
Expert Alumni

1040 worksheet from 2017 had line 42 which provided a $8100 exception. was it removed from 2018

Line 42 of the 2017 form 1040 is for personal exemptions. $8,100 is the exemption for 2 persons.

For 2018, the Tax Cuts and Jobs Act has eliminated personal exemptions. On the other hand, standard deductions have almost been doubled from 2017, the child tax credit has been doubled to $2,000 and there is a new Other dependent of $500.

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