Where does exemption amount from tax histroy flow from I have nothing for 2018 but all other years I do?

ras208 · ‎June 6, 2019

IreneS · ‎June 6, 2019

UPDATED FOR TAX YEAR 2019

Under the new tax laws, the personal exemption has been eliminated for tax years 2018-2025. To make up for this the standard deduction in 2019 is $12,200 if you're filing single and $24,400 if married filing jointly.

[Edited | 4/6/2020 | 11:53am PDT]

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View solution in original post

IreneS · ‎June 6, 2019

UPDATED FOR TAX YEAR 2019

Under the new tax laws, the personal exemption has been eliminated for tax years 2018-2025. To make up for this the standard deduction in 2019 is $12,200 if you're filing single and $24,400 if married filing jointly.

[Edited | 4/6/2020 | 11:53am PDT]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Where does exemption amount from tax histroy flow from I have nothing for 2018 but all other years I do?