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A personal exemption was an automatic tax deduction for each person on your tax return. The Tax Cuts and Jobs Act of 2017 (TCJA) repealed the personal exemption, however, in favor of raising the standard deduction. The standard deduction also reduces your taxable income but only applies to each filer, not each person in the household.
When you file with 1040.com, we’ll calculate all your tax breaks (including the standard deduction) based on your filing status and income.