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commissions or similar fees as qualified administrative costs for all guaranteed investment contracts and investments for yield restricted defeasance escrows purchased with gross proceeds of the issue. .24 Personal Exemption. (1) For taxable years beginning in 2017, the personal exemption amount under § 151(d) is $4,050. (2) Phaseout. For taxable years beginning in 2017, 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 $313,800 $436,300 Surviving Spouses (§ 1(a)) Heads of Households (§ 1(b)) $287,650 $410,150 Unmarried Individuals (other than Surviving $261,500 $384,000 Spouses and Heads of Households) (§ 1(c))

Married Individuals Filing Separate $156,900 $218,150 Returns (§ 1(d)) .25 Election to Expense Certain Depreciable Assets. For taxable years beginning in 2017, under § 179(b)(1), the aggregate cost of any § 179 property that a taxpayer elects to treat as an expense cannot exceed $510,000. Under § 179(b)(2), the $510,000 limitation is reduced (but not below zero) by the amount the cost of § 179 property placed in service during the 2017 taxable year exceeds $2,030,000.

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Official source

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commissions or similar fees as qualified administrative costs for all guaranteed investment contracts and investments for yield restricted defeasance escrows purchased with gross proceeds of the issue. .24 Personal Exemption. (1) For taxable years beginning in 2017, the personal exemption amount under § 151(d) is $4,050. (2) Phaseout. For taxable years beginning in 2017, 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 $313,800 $436,300 Surviving Spouses (§ 1(a)) Heads of Households (§ 1(b)) $287,650 $410,150 Unmarried Individuals (other than Surviving $261,500 $384,000 Spouses and Heads of Households) (§ 1(c))

Married Individuals Filing Separate $156,900 $218,150 Returns (§ 1(d)) .25 Election to Expense Certain Depreciable Assets. For taxable years beginning in 2017, under § 179(b)(1), the aggregate cost of any § 179 property that a taxpayer elects to treat as an expense cannot exceed $510,000. Under § 179(b)(2), the $510,000 limitation is reduced (but not below zero) by the amount the cost of § 179 property placed in service during the 2017 taxable year exceeds $2,030,000.