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2018 Personal Exemptions, Standard Deduction, and Child Tax Credits

For 2017, the personal exemption was $4,150. It has been eliminated starting in 2018.

2018 Standard Deduction

Filing Type 2018 2017
MFJ $24,000 $13,000
Single $12,000 $6,350

Child Tax Credit and Other Dependent Credits

The Child Tax Credit will apply to children who are 16 and younger during the tax year.

2018 Child and Other Dependent Credit

Credit Amount per qualifying child/dependent Phaseout Range MFJ Phaseout Range (others)
Child Tax Credit $2,000
  • 1 Child: $400K - $440K
  • 2 Children: $400K-$480K
  • 3 Children: Increases $40K for each child
  • 1 Child: $200K - $240K
  • 2 Children: $200K-$280K
  • 3 Children: Increases $40K for each child
Other dependent credit $500
  • 1 dependent: $400K - $410K
  • 2 dependents: $400K-$420K
  • 3 dependents: Increases $10K for each child/other
  • 1 dependent: $200K - $210K
  • 2 dependents: $200K-$220K
  • 3 dependents: Increases $10K for each child/other