Question

Jason's household consists of himself, his wife, and their 2-year-old daughter. how much can jason claim for his exemptions in 2012?

Answer 1

As of 2012, the deduction for a child who is not providing the major source of income for himself or herself is $3,700. In addition, the standard tax exemption for the head of household and his or her spouse is also $3,700. Adding these three values together gives a total exemption of $11,100.