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.23 Safe Harbor Rules for Broker Commissions on Guaranteed Investment Contracts or Investments Purchased for a Yield Restricted Defeasance Escrow. For calendar year 2018, under § 1.148-5(e)(2)(iii)(B)(1), a broker’s commission or similar fee for the acquisition of a guaranteed investment contract or investments purchased for a yield restricted defeasance escrow is reasonable if (1) the amount of the fee that the issuer treats as a qualified administrative cost does not exceed the lesser of (A) $40,000, and (B) 0.2 percent of the computational base (as defined in § 1.148-5(e)(2)(iii)(B)(2)) or, if more, $4,000; and (2) the issuer does not treat more than $113,000 in brokers’ 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 2018, the personal exemption amount under § 151(d) is $4,150. (2) Phaseout. For taxable years beginning in 2018, 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 $320,000 $442,500 Surviving Spouses (§ 1(a)) Heads of Households (§ 1(b)) $293,350 $415,850 Unmarried Individuals (other than Surviving $266,700 $389,200 Spouses and Heads of Households) (§ 1(c))

Married Individuals Filing Separate $160,000 $221,250