The exemption amount for each dependent was reduced from $400 to $350.

This could be especially true when an estate's value is about to surpass the exemption equivalent amount.

For 2009, the personal exemption amount is $3,650 ($3,500 for 2008).

The personal exemption amount in 1894 was $4,000 ($80,000 in 2005 dollars).

The exemption amounts for years 1987 through 2012 are as shown at right.

That can be done by giving them enough assets to push their income over the exemption amount.

This was done by increasing the exemption amount and making other targeted changes.

The exemption amount gradually increases to $1 million in 2006.

"So we usually recommend that you buy these bonds when your income is below the exemption amount."

Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion.