Question: What is the Personal Exemption Amount in 2017?
Answer: The personal exemption amount for 2017 is $4,050, the same as 2016. This is the first time in many years that the personal exemption amount did not increase. Click here for other Tax Questions for the tax year 2017.
However, the exemption is subject to a phase-out that begins with adjusted gross incomes of $261,500 for single, and $313,800 for married couples filing jointly (MFJ).
Personal Exemption Amount + Standard Deduction Amount = your tax free income amount.
2017 Income that is not subject to tax is $4,050 + $6,350 = $10,400. If you make less than $10,400, you do not need to pay anything Federal Income tax. For married joint, the amount is $4,050 (x2) + $12,700 = $20,000.