A personal exemption refers to

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A personal exemption is an amount that can be deducted from a taxpayer's income to reduce the amount of taxable income. It represents basic living expenses, such as food, clothing, and shelter, and is intended to ensure that low- and middle-income taxpayers are not taxed on income needed for basic necessities. For tax year 2017, the personal exemption amount is $4,050 per taxpayer, spouse, and dependent. However, the Tax Cuts and Jobs Act of 2017 has eliminated the personal exemption starting in tax year 2018.

A Personal Exemption Refers to