Personal exemptions and deductions

Doll, Sherman L.
January 2006
Medical Economics;1/6/2006, Vol. 83 Issue 1, p40
Trade Publication
The article presents a guidelines regarding personal exemptions and deductions available to physicians in the U.S. A physician can get an exemption of 3,2000 for each of his or her dependents. To qualify for a dependency deduction, the physician's child must be younger than 19, live in the house for more than half the year and cannot provide more half of his own support. However, physicians with higher income levels lose dependency deductions.


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