Tuesday, December 20, 2011

What is the allowable amount of their personal exemptions?

please help me. High income individuals may lose all or part of the federal deduction for exemptions.AGI is $260,000 (married filing joint status). They claim 2 personal exemptions. What is the allowable amount of their personal exemptions: $5368; $5684; $5490; or $5803?. Thanks.

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