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I'm from NJ, I see I have a personal exemption for $1,000 and I am confused as to what this is. I don't want to file this inaccurately

 
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CatinaT1
Expert Alumni

I'm from NJ, I see I have a personal exemption for $1,000 and I am confused as to what this is. I don't want to file this inaccurately

This is an automatic amount given to each person to reduce your taxable income. While there are no longer personal exemptions on the Federal level, many states still allow for personal exemptions.  It's a good thing!

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