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Revision as of 19:44, 21 August 2026
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A personal exemption reduces your taxable income so you end up paying lower taxes. You may be even luckier if the exemption brings you together with lower income tax bracket. For the year 2010 it is $3650 per person, similar to last year's amount. During 2008, a lot was $3,500. It is indexed yearly for accroissement.
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