[Edited 01-08-2019] For tax years prior to 2018, everyone (unless they are claimed as a dependent on someone else's return) gets a "personal exemption" on their tax return that reduces their taxable income. For 2016, the personal exemption is $4,050 per person. So, if you are filing jointly, you and your spouse get that exemption ($4,050 x 2 = $8,100). The exemption applies to the taxpayer, spouse, and dependent children.
[Edited 01-08-2019] For tax years prior to 2018, everyone (unless they are claimed as a dependent on someone else's return) gets a "personal exemption" on their tax return that reduces their taxable income. For 2016, the personal exemption is $4,050 per person. So, if you are filing jointly, you and your spouse get that exemption ($4,050 x 2 = $8,100). The exemption applies to the taxpayer, spouse, and dependent children.
No you do not. Personal exemptions were eliminated by the new tax laws.
The standard deduction has been doubled though so many people will pay less tax.
Turbo Tax included the 8,100.00 exemption on my 2018 return. Why?
What--no. There are no personal exemptions for a 2018 return. The new tax law eliminated that. What software did you use to prepare a 2018 return?
Are you a dependent on someone else's return? You can get a reduced Standard Deduction lower than Single is 12,000.