Code of Federal Regulations Title 26. Internal Revenue § 26.1.151–4 Amount of deduction for each exemption under section 151

The amount allowed as a deduction for each exemption under section 151 is (a) $750 in the case of a taxable year beginning after December 31, 1972;  (b) $700 in the case of a taxable year beginning after December 31, 1971, and before January 1, 1973;  (c) $650 in the case of a taxable year beginning after December 31, 1970, and before January 1, 1972;  (d) $625 in the case of a taxable year beginning after December 31, 1969, and before January 1, 1971;  and (e) $600 in the case of a taxable year beginning before January 1, 1970. For special rules in the case of a fiscal year ending after December 31, 1969, and beginning before January 1, 1973, see section 21(d) and the regulations thereunder.