Claim: Personal exemption is a personal exemption and is adjusted each year for inflation and in 2017 the amount was $4,050.
Evidence: Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations. The personal exemption amount is adjusted each year for inflation.