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Exemptions for 1040? Hi. I don't understand where we get to select our number of Exemptions?

 
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Exemptions for 1040? Hi. I don't understand where we get to select our number of Exemptions?

Personal exemptions were removed from the tax code after 2017.  The Standard Deduction were increased.  The Child Tax Credit was increased.  A new credit for dependents age 17 or older was created, Other Dependent Tax Credit.

 

Standard deductions for 2019

  • Single - $12,200 add $1,650 if age 65 or older
  • Married Filing Separately - $12,200 add $1,300 if age 65 or older
  • Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
  • Head of Household - $18,350 add $1,650 if age 65 or older

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