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    krista_burgner's Avatar
    krista_burgner Posts: 1, Reputation: 1
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    #1

    Aug 31, 2007, 09:40 AM
    Exemption status for filing taxes
    :confused: What is an “exemption” when filing taxes?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Sep 4, 2007, 08:14 AM
    Assumng yo mean the personal exemption, that is a set amount that is EXEMPT from taxation. For 2007, the personal exemption is $3,400. So, if you are single, your personal exemption makes the first $3,400 of your annual income exempt from federal income taxes.

    Most states have personal exemptions as well, but they are normally NOT the same as the federal exemptions.
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