2015 Federal Personal and Dependent Exemption Amount

 

The maximum personal and dependent exemption amount is $4,000 per exemption.

For tax year 2015, the exemption amount is phased out based on your adjusted gross income (AGI). For every $2,500 of AGI (or portion thereof) above the beginning phaseout amount shown in the table below for your filing status, the $4,000 exemption amount is reduced by 2%.

Phaseout of Exemption Amount
If Your Filing Status is: Phaseout Begins When AGI reaches: Completely Phased Out When AGI Reaches:
Single $258,250 $380,750
Head of Household $284,050 $406,550
Married Filing Jointly $309,900 $432,400
Married Filing Separately $154,950 $216,200