Personal exemptions are deductions from AGI based on the number of persons supported by the taxpayer's income.

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Personal exemptions are deductions from AGI which are based on the number of persons that are supported by a taxpayer's income. Each exemption reduces the taxable income by a certain amount. However, under the new tax laws implemented in 2018, personal exemptions have been suspended through 2025.

Personal Exemptions Are Deductions from AGI Based on the Number