Exemption amount.
The amount you can deduct for each exemption has increased from $2,800 in 2000 to $2,900 in 2001.
Exemption phaseout.
You will lose all or part of the benefit of your exemptions if your adjusted gross income is above a certain amount. The amount at which this
phaseout begins depends on your filing status. For 2001, the phaseout begins at $99,725 for married persons filing separately, $132,950 for unmarried
individuals, $166,200 for heads of household, and $199,450 for married persons filing jointly. See Phaseout of Exemptions, later.
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