Tax Guide

Get answers to all your questions about taxes, personal finance, insurance and more.

Does the new tax bill change my personal exemption?

 The Republican tax bill, The Tax Cuts and Jobs Act, eliminates the personal exemption (worth $4,050 per person) for filers, their spouses, and their dependents, and increases the standard deduction amount.

These changes go into effect beginning with the 2018 tax year.

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