2008 Values for Personal Exemption Phaseout
In 2008, the personal exemption was $3,500 per person. The income ranges over which personal exemptions phase out, which are indexed to inflation, were:
| Filing Status | Phaseout Begins | Phaseout Ends |
| Single | $159,950 | $282,450 |
| Head of Household | $199,950 | $322,450 |
| Married Filing Joint or Qualifying Widow(er) | $239,950 | $362,450 |
| Married Filing Separately | $119,975 | $181,225 |
The 2008 reduction cannot exceed one-third of a taxpayer’s full exemptions; thus, each exemption cannot be reduced below $2,333. As in 2009, that maximum reduction occurs when AGI exceeds the relevant threshold by more than $122,500.
In addition, the 2001 tax act decreases the reduction in 2008 to 1/3 of its full value.
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