U.S. News Review. On the same strip of Montego Bay sand as Secrets Wild Orchid, Secrets St. James offers all the amenities of a luxury all-inclusive on the beach, but it's only 14 miles from Sangster International Airport.
Personal exemption (United States) Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. It has the effect of reducing income tax payable, even to tax-free level, but not so as to result in a tax refund.
The Personal Exemption Phase Out. Typically tax payers are allowed to claim an exemption for themselves and any other joint filer and dependent on their tax return. The personal exemption is a defined amount - $3,900 for 2013 - which is used to reduce their income before figuring the amount of tax they owe.he phase out of the personal exemption works like this. For every $2,500 of AGI (or portion) above $250,000 ($300,000 for married filing jointly), the $3,900 per-person personal exemption amount is reduced by 2%.