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stearmanman
New Member

What is rule on exemptions. Last year I got 7,680 this year 0, is there an income threshold

 
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macuser_22
Level 15

What is rule on exemptions. Last year I got 7,680 this year 0, is there an income threshold

Yes.   Exemptions phase out over a certain AGI depending on filing status.

See IRS Pub 17 - Phaseout of Exemptions

https://www.irs.gov/publications/p17/ch03.html#en_US_2016_publink1000309843




**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22
Level 15

What is rule on exemptions. Last year I got 7,680 this year 0, is there an income threshold

Yes.   Exemptions phase out over a certain AGI depending on filing status.

See IRS Pub 17 - Phaseout of Exemptions

https://www.irs.gov/publications/p17/ch03.html#en_US_2016_publink1000309843




**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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