What PERSONAL AND DEPENDENT EXEMPTIONS means: The tax code allows an exemption for each taxpayer and spouse (if a joint return is filed) who is not eligible to be claimed as a dependent on another taxpayer's return and for each dependent. The exemption amount is phased out for taxpayers whose adjusted gross income exceed a specified amount. See our Exemption Allowance rate table for the current exemption amount and AGI figures.
- Definition Penalties:
- Dictionary amounts that the IRS may assess at a statutory rate as an addition to a tax deficiency and interest. The tax Code provides for penalties for various infractions, such as underpayment of estimated tax personal and dependent exemptions definition.
- Definition Pension/Annuity Starting Date:
- Dictionary The first day of the first period for which an amount is due as a pension/annuity payment under the contract personal and dependent exemptions explain.
- Definition Production Taxes:
- Dictionary Taxes levied by state governments on the value or quantity of production or extraction of natural resources personal and dependent exemptions what is.
- Definition Permanent And Total Disability:
- Dictionary prevents an individual from engaging in any substantial gainful activity because of a medically determined physical or mental impairment that is expected to result in death, or that has lasted or is personal and dependent exemptions meaning.
How works Personal and Dependent meaning in Tax definitions P .
