Difference between revisions of "Annual Taxes - Humor In The Drudgery"

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Latest revision as of 01:24, 5 October 2024

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A personal exemption reduces your taxable income so you get 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, equal of last year's amount. This year 2008, the amount was $3,500. It is indexed yearly for rising prices.

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