Personal Exemptions Individuals

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Personal exemptions, also known as personal allowances or deductions, are deductions allowed by tax authorities to reduce an individual's taxable income. They are typically based on the number of individuals supported by the taxpayer and are intended to provide relief for living expenses. However, it's important to note that the concept of personal exemptions may vary depending on the tax jurisdiction. • Embrace the season of taxes, where every contribution fuels our collective progress and prosperity. 💼💰 #TaxTime #CommunityInvestment

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