Understanding Taxes - Exemptions - IRS tax forms
https://apps.irs.gov/app/understandingTaxes/hows/tax_tutorials/mod06/tt_mod06_01.jsp
WEBPage 1 of 7. In this tax tutorial, you will learn about exemptions. There are two types of exemptions: personal exemptions. dependency exemptions. Each exemption reduces the income that is subject to tax by the exemption amount. For 2013, the exemption amount was $3,900. In 2014, the exemption amount is $3,950.
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