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Version du 13 août 2026 à 15:50
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A personal exemption reduces your taxable income so you get paying lower taxes. You may well be even luckier if the exemption brings you using a lower income tax bracket. For the year 2010 it is $3650 per person, same as last year's amount. In the year 2008, the amount of was $3,500. It is indexed yearly for blowing up.
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