are individuals tax exempt
There is a temporary exemption from Jan. 1, 2013 to Dec. 31, 2016 for individuals age 65 and older and their spouses. If you or your spouse are 65 years or older or turned 65 during the tax year you are allowed to deduct unreimbursed medical care expenses that exceed 7.5% of your adjusted gross income. If you qualify to exclude days of presence as a student, you must file a fully-completed Form 8843, Statement for Exempt Individuals and Individuals with a Medical Condition with the IRS. If you are already filing an income tax return, attach Form 8843 to your income tax return. Diplomatic tax exemption cards that are labeled as “Mission Tax Exemption – Official Purchases Only” are used by foreign missions to obtain exemption from sales and other similarly imposed taxes on purchases in the United States that are necessary for the mission’s operations and functions. Diplomatic tax exemption cards that are labeled as “Personal Tax Exemption” are used by eligible foreign mission members and their dependents to obtain exemption from sales and other similarly imposed taxes on personal purchases in the United States. Exempt Individual - Who is a Student. A student is any individual who is temporarily in the United States on an F,  J,  M,  or Q  visa for the primary purpose of studying at an academic institution or vocational school, and who substantially complies with the requirements of that visa. You will not be an exempt individual as a student if you have been exempt as a teacher, trainee, student, Exchange Visitor, or Cultural Exchange Visitor on an F,  J,  M,  or Q  visa for any part of more than 5 calendar years, unless you establish to the satisfaction of the IRS that you do not intend to reside permanently in the United States ... Source: Bloomberg BNA 2015 Projected Tax Rates, downloaded September 18, 2014 from. http://bnainfo.bna.com/pdf2014/11507_2015_Projected_Tax_Rates.pdf. If your filing status is Single If your filing status is Married filing jointly. The exemption is composed of personal exemptions for the individual taxpayer and, as appropriate, his or her family and dependents, as provided in Internal Revenue Code at 26 U.S.C. § 151. The income tax liability is calculated by applying the appropriate tax rate to the taxable income (26 U.S.C. § 1). 1 Overview. Personal exemption (United States) 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. Tax exemption cards are printed by the U.S. Government Printing Office at its facility in Washington and mailed via the U.S. Postal Service to the cardholder’s residential address. Consequently, it is important that all individuals ensure that their addresses are correct with OFM.
Yes, The exemption is composed of personal exemptions for the individual taxpayer.