Your Wealth Questions

Tax Question – Personal Exemption

Q: What happens to the $4050 personal exemption in the new tax law? I just read on one site that it goes away. If so, then the benefit from the increase in the standard deduction is partially muted, isn’t it?

A: Thanks for reaching out to us. Starting in 2018, the personal exemption will go away and will be replaced by a larger standard deduction. While this amount will still be larger than the old Standard Deduction + Personal Exemption, you are correct that it will be somewhat muted if you are comparing the old vs. new standard deduction.

Ready when you are

Build your customized strategy with our team.

Start with a conversation about your goals, questions, and how a holistic plan could simplify your financial life.

Schedule an intro call

Continue reading

View all articles
Money Matters Podcast

Retirement Income: Moving From Saving to Spending

October 21, 2026
Retire Sooner Podcast

High Yield Retirement Income | Retire Sooner Podcast

October 15, 2026
higher interest rates for retirees
Blog

Are Higher Interest Rates Good for Retirees? Bond Income Trade-Offs

October 14, 2026
Money Matters Podcast

Retirement Income, Mortgage Rates & Markets | Money Matters

October 13, 2026