2016 Federal Personal and Dependent Exemption Amount
The maximum personal and dependent exemption amount is $4,050 per exemption.
For tax year 2016, 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 $4,050 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:|
|Head of Household||$285,350||$407,850|
|Married Filing Jointly||$311,300||$433,800|
|Married Filing Separately||$155,650||$216,900|