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monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $245. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $245. .10 Adoption Assistance Programs. For taxable years beginning in 2013, under § 137(a)(2) the amount that can be excluded from an employee’s gross income for the adoption of a child with special needs is $12,970. For taxable years beginning in 2013, under § 137(b)(1) the maximum amount that can be excluded from an employee’s gross income for the amounts paid or expenses incurred by an employer for qualified adoption expenses furnished pursuant to an adoption assistance program for other adoptions by the employee is $12,970. The amount excludable from an employee’s gross income begins to phase out under § 137(b)(2)(A) for taxpayers with modified adjusted gross income in excess of $194,580 and is completely phased out for taxpayers with modified adjusted gross income of $234,580 or more. (See section 3.02 of this revenue procedure for the adjusted items relating to the adoption credit.) .11 Personal Exemption. (1) For taxable years beginning in 2013, the personal exemption amount under § 151(d) is $3,900. (2) Phaseout. For taxable years beginning in 2013, the personal exemption phases out for taxpayers with the following adjusted gross income amounts:

AGI – Beginning AGI – Completed Filing Status of Phaseout Phaseout Married Individuals Filing Joint Returns and $300,000 $422,500