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When:
January 01, 2002

Who it Affects:
For all taxpayers
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2002 Tax Law Changes
Personal Exemption goes up

In 2002, the personal exemption per family member rises to $3,000, up from $2,900 in 2001.

Your personal exemption deduction is gradually phased out as your income reaches these adjusted gross income levels:

 2002 Personal Exemptions
Filling statusPhaseout startsPhaseout complete
Joint return$206,000$325,500
Head of household $171,650$294,150
Single $137,300$259,800
Married, filing individually$103,000$164,250
Related Tax Article(s): Your W-4: Put tax savings in your pocket now