2010 Personal Exemption Amounts and Guidelines From the Irs - Internal Revenue Service

by Sean on Monday, May 03, 2010 Article Rating 4.0 stars

>2010 Personal Exemption Amounts from the Internal Revenue Service for Federal Tax Returns

For 2008 the IRS has established the Personal Exemption Amount to be $3,650 for you, your spouse and each dependent claimed on your tax return.

According to several sources there will not be a Personal Exemption Phaseout for 2010. It is expected President Obama will restore the phaseout for personal exemptions in 2011.

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Sean

Sean

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Sean is a business development, sales, fund raising, Internet marketing and professional networking expert. Sean enjoys coaching and mentoring small businesses and entrepreneurs on how to start and grow their companies. When he is not working, Sean likes spending time with his family, vacationing in Palm Island, Florida, and doing home improvement projects.