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2. Personal exemption - Wikipedia

   en.wikipedia.org/wiki/Personal_exemption

   Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations.

3. Am I Exempt From Federal Withholding? Do I Still Get a Refund?

   www.aol.com/finance/am-exempt-federal...

   The standard deduction is $24,800 for individuals who are married and filing jointly. ... people with lower income are the ones who qualify for the exemption from federal income tax,” said Paul ...

4. What Are the 2020-2021 Federal Tax Brackets and Tax Rates? - AOL

   www.aol.com/finance/2020-2021-federal-tax...

   For individuals, it rises by $150 to $12,550. ... As mandated by the Tax Cuts and Jobs Act, the personal exemption remains at zero and there is still no limit on itemized deductions, the same as ...

5. Tax exemption - Wikipedia

   en.wikipedia.org/wiki/Tax_exemption

   Qualification requires that the organization be created and operated for one of a long list of tax-exempt purposes, [6] which includes more than 28 types of organizations and also requires, for most types of organizations, that the organization apply for tax-exempt status with the Internal Revenue Service, [7] or be a religious or apostolic ...

6. 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.

7. Am I Exempt From Federal Withholding? Do I Still Get a Refund?

   www.aol.com/am-exempt-federal-withholding-still...

   Form W-4 is an IRS tax form completed by an employee to indicate their current tax situation. ... that the federal income tax deadline for individuals is May 17, 2021 for the 2020 tax year ...