Return to list

When:
January 01, 2001

Who it Affects:
For all taxpayers
advertisement
2001 Tax Law Changes
Personal Exemption goes up

In 2001, the personal exemption per family member rises to $2,900, up from $2,800 in 2000.

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



 2001 personal exemption phaseouts
Filling statusPhaseout startsPhaseout complete
Joint return$199,450$321,950
Head of household $166,200$288,700
Single $132,950$255,450
Married, filing individually$99,725$160,975
Related Tax Article(s): Your W-4: Put tax savings in your pocket now