Personal exemption

PERSONAL EXEMPTION

Individuals are entitled to claim a personal exemption for themselves and any dependents they support to reduce their taxable income, and thus their taxes.

Tax year

Personal exemption amount

2009

$3,650

2010

$3,650

2011

$3,700

2012

$3,800

2013

$3,900

2014

$3,950

2015

$4,000

2016

$4,050

2017

$4,050

 

Phaseout of Exemptions

 

You lose at least part of the benefit of your exemptions if your adjusted gross income (AGI) is above a certain amount. For 2017, the phaseout begins at the following amounts.

Filing status

AGI level that reduces exemption amount

Married filing separately

$156,900

Single

$261,500

Head of household

$287,650

Married filing jointly

$313,800

You must reduce the dollar amount of your exemptions by 2% for each $2,500, or part of $2,500 ($1,250 if you are married filing separately), that your AGI exceeds the amount shown above for your filing status.

 

E-mail disclaimer * Terms & conditions * onestopTaxPrep © 2009-2018 * Contact us

Mailing address:

P.O. Box 3959

1001 AT Amsterdam

The Netherlands

 

Visiting address:

Keizersgracht 241

2nd floor

Amsterdam

The Netherlands

 

Office Location Eindhoven

Building Fellenoord 100 – 180

Regus 4th Floor

Eindhoven

 

 

 

 

Phone:

General: +31 85 8000 095

Amsterdam: +31 20 8208 756

Eindhoven +31 40 266 8668

US Tax: +31 85 8000 092

Dutch Tax: +31 85 8000 093

Croatia: +385 1 5625 746

 

Fax:

+31 85 8000 090

 

e-mail

info@onestoptaxprep.nl

About us

OnestopTaxPrep has over 18 years of specialization in providing combined Dutch and U.S. tax preparation and consulting services. This specialization has assisted U.S. nationals living and / or working in The Netherlands and Dutch nationals living in the U.S.A.