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(1) For taxable years beginning in 2014, the personal exemption amount under § 151(d) is $3,950. (2) Phaseout. For taxable years beginning in 2014, 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 $305,050 $427,550 Surviving Spouses (§ 1(a)) Heads of Households (§ 1(b)) $279,650 $402,150 Unmarried Individuals (other than Surviving $254,200 $376,700 Spouses and Heads of Households) (§ 1(c))

Married Individuals Filing Separate $152,525 $213,775 Returns (§ 1(d)) .24 Eligible Long-Term Care Premiums. For taxable years beginning in 2014, the limitations under § 213(d)(10), regarding eligible long-term care premiums includible in the term "medical care," are as follows: Attained Age Before the Close of the Taxable Year Limitation on Premiums 40 or less $370 More than 40 but not more than 50 $700 More than 50 but not more than 60 $1,400 More than 60 but not more than 70 $3,720 More than 70 $4,660 .25 Medical Savings Accounts.