Tax Planner Exemptions

owens.trev

My tax planner will not calculate my exemptions in the tax planner. it shows 2 for me and the spouse, i input 2 for the dependents, it shows 4 for the total exemptions, but 0 for the exemption deduction. Am i over looking something?

Sherlock

The personal exemption deduction was eliminated in the 2017 tax law change.

owens.trev

i should still have dependent exemption though correct?

Sherlock

owens.trev said:

i should still have dependent exemption though correct?

The exemption is $0 through the tax year 2025.  The ability to claim additional dependents may enable you to qualify for other tax benefits.