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The Short Answer

How Do I Claim Dependents Now That Personal Exemptions Are Gone?

The combination of a higher standard deduction and new and enhanced credits should offset the repealed personal exemptions.

Question: I used to be able to take personal exemptions for myself, my spouse, and my dependents, but now those are gone. How will that affect my taxes this year?

Answer: Many taxpayers are worried that they'll have a higher tax bill for 2018 because exemptions and certain deductions have been repealed. But most households will actually pay less in taxes under the new laws. 

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