§ 1.151-4. Amount of deduction for each exemption under section 151.
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/us/cfr/t26/s§ 1.151-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The amount allowed as a deduction for each exemption under section 151 is
(a)$750 in the case of a taxable year beginning after December 31, 1972;
(b)$700 in the case of a taxable year beginning after December 31, 1971, and before January 1, 1973;
(c)$650 in the case of a taxable year beginning after December 31, 1970, and before January 1, 1972;
(d)$625 in the case of a taxable year beginning after December 31, 1969, and before January 1, 1971; and
(e)$600 in the case of a taxable year beginning before January 1, 1970. For special rules in the case of a fiscal year ending after December 31, 1969, and beginning before January 1, 1973, see section 21(d) and the regulations thereunder. [T.D. 7114, 36 FR 9019, May 18, 1971]
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§ 1.151-4
Amount of deduction for each exemption under section 151.
Treas. Dec.T.D. 7114
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