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Latest revision as of 23:00, 29 October 2025


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A personal exemption reduces your taxable income so you end up paying lower taxes. You might be even luckier if the exemption brings you to a lower income tax bracket. For the year 2010 it is $3650 per person, comparable to last year's amount. In 2008, was $3,500. It is indexed yearly for blowing up.

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Also particular references points that employment that completed in another state, a mobile auto glass installation for example, is subject to it states tax burden. Not your own state.

In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some on the changes passed in the 2001 EGTRRA.

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