8. Personal Exemption

Section 151(b) of the Code allows a taxpayer an exemption for himself or herself; Section 151(c) allows additional exemptions for dependents. Near the end of each year, the IRS issues a revenue procedure containing inflation-adjusted personal exemption amounts for the following tax year. Below are inflation-adjusted personal exemption amounts for 1992-2018.

Personal Exemption
Tax Year	Exemption Amount
2018	$0
2017	$4,050
2016	$4,050
2015	$4,000
2014	$3,950
2013	$3,900
2012	$3,800
2011	$3,700
2010	$3,650
2009	$3,650
2008	$3,500
2007	$3,400
2006	$3,300
2005	$3,200
2004	$3,100
2003	$3,050
2002	$3,000
2001	$2,900
2000	$2,800
1999	$2,750
1998	$2,700
1997	$2,650
1996	$2,550
1995	$2,500
1994	$2,450
1993	$2,350
1992	$2,300

Sources: Rev. Proc. 2018-18; Rev. Proc. 2017-58; Rev. Proc. 2015-53; Rev. Proc. 2014-61; Rev. Proc. 2013-35; Rev. Proc. 2013-15; Rev. Proc. 2011-52; Prev. Proc. 2011-12; Rev. Proc. 2009-50; Rev. Proc. 2008-66; Rev. Proc. 2007-66; Rev. Proc. 2006-53; Rev. Proc. 2005-70; Rev. Proc. 2004-71; Rev. Proc. 2003-85; Rev. Proc. 2002-70; Rev. Proc. 2001-59; Rev. Proc. 2001-13; Rev. Proc. 99-42; Rev. Proc. 98-61; Rev. Proc. 97-57; Rev. Proc. 96-59; Rev. Proc. 95-53; Rev. Proc. 94-72; Rev. Proc. 93-49; Rev. Proc. 92-102; and Rev. Proc. 91-65.