_____ 14.Single individuals must reduce their personal exemption if their AGI exceeds $250,000.

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Single individuals must reduce their personal exemption if their AGI exceeds $250,000. This is because of the phase-out rule that applies to personal exemptions for high-income taxpayers. The amount of the personal exemption is reduced by 2% for every $2,500 (or fraction thereof) that the taxpayer's AGI exceeds the threshold amount.

_____ 14Single Individuals Must Reduce Their Personal Exemption If Their AGI