Tax guide

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.

For more information about why the personal exemption was cut and how it affected the new standard deduction amounts, head to the Tax Reform 101 page on the Tax Guide.

Sign Up

Still have questions?

You got it. We’re always here to help.

Here's what we found in our blog for file online with 1040.com:

Why Should I Pay to File My Own Taxes? 6 Reasons It's Worth It

Read on for our six biggest reasons why $25 is a steal for the 1040.com experience.

Read

It’s not too good to be true. See what others are saying about filing taxes online with 1040.com