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2. Personal exemption - Wikipedia

   en.wikipedia.org/wiki/Personal_exemption

   The personal exemption amount in 1894 was $4,000 ($109,277 in 2016 dollars). The income tax enacted in 1894 was declared unconstitutional in 1895. The income tax law in its modern form—which began in the year 1913—included a provision for a personal exemption amount of $3,000 ($71,764 in 2016 dollars), or $4,000 for married couples.

3. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Maryland (all local taxes reported on state income tax form): All counties, and the independent city of Baltimore; Michigan: Many cities, including Detroit, Lansing, and Flint (most income above a certain annual threshold; reported on form issued by imposing city or on separate state form 5118/5119/5120 in the case of Detroit)

4. How all 50 states tax retirement income: A ... - AOL

   www.aol.com/finance/states-that-tax-retirement...

   Massachusetts taxes most retirement income using its 5% state income tax. Seniors may be exempt from paying state income tax if they are a single filer making $8,000 or less, a head of household ...

5. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

6. What Will Happen If Congress Doesn’t Extend the Expiring Tax ...

   www.aol.com/happen-congress-doesn-t-extend...

   Another widespread benefit of the TCJA was the reduction in personal income tax brackets, both in terms of rates paid and their income thresholds. Before the TCJA, income tax brackets were 10%, 15 ...

7. Tax exemption - Wikipedia

   en.wikipedia.org/wiki/Tax_exemption

   Some jurisdictions allow for a specific monetary reduction of the tax base, which may be referred to as an exemption. For example, the U.S. Federal and many state tax systems allow a deduction of a specified dollar amount for each of several categories of "personal exemptions". Similar amounts may be called "personal allowances".

8. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   Federal and state tax authorities provide preprinted forms that must be used to file tax returns. IRS Form 1040 series is required for individuals, Form 1120 series for corporations, Form 1065 for partnerships, and Form 990 series for tax exempt organizations. The state forms vary widely, and rarely correspond to federal forms.

9. Angela Alsobrooks improperly claimed tax deductions on DC ...

   www.aol.com/angela-alsobrooks-improperly-claimed...

   Alsobrooks saved nearly $14,000 in taxes between 2005 and 2017 on her northeast Washington property by using tax exemptions meant for the district’s primary residents, lower income residents and ...