What is the personal exemption for this year?

How much is the personal exemption for this year?

Answer: There is no personal exemption for tax year 2020. In another word, the personal exemption for tax year 2020 is 0.

Starting from the tax year 2018, there is no personal exemption to claim. Instead, IRS has double the standard deduction amount on the tax return.

Previously, each individual on the tax return was able to deduct $3,000 personal exemption on the tax return.

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