Enter your The World of Accounting For Professional Accountants username.
Enter the password that accompanies your username.

Poll

Best personal finance software?:

States

Articles : 57
Submited Firms : 97
Glossary Words : 3236
Jobs Request : 3
Group Members : 4226
Excel Files : 113
PPT Files : 665
PDF Files : 31

Who's online

There are currently 0 users and 2 guests online.

EXEMPTION

Submission of a form on this page may not work as you do not appear to have JavaScript enabled in your browser.

deduction allowed in computing taxable income. There are basically two types: personal exemptions and dependency exemptions. There are five categories of exemptions, including personal and dependency types: (1) exemption for the taxpayer; (2) exemption for the taxpayer who is age 65 or older; (3) exemption for the taxpayer who is blind; (4) exemption for the taxpayer's spouse; and (5) exemption for dependent children and other dependents where more than one-half of the dependent's support is provided.