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Note: The author is not CPA or tax quality. This article is for general information purposes, and really should not be construed as tax professional guidance. Readers are strongly asked to consult their tax professional regarding their personal tax situation. keehnpower.com Remember, a personal exemption of $3650 isn't deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000.

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