21.12 Personal Exemptions Not Subject to Phaseout for 2012
For 2012, you may claim the full $3,800 deduction for each personal exemption regardless of your income. There is no phaseout of exemptions.
However, exemptions for 2013 will be subject to phaseout unless Congress enacts legislation to prevent the scheduled phaseout from taking effect. See the e-Supplement at jklasser.com for a legislation update.
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