What was the exemption amount for taxpayers in 2009?

The exemption amount for taxpayers in 2009 was indeed $3,650. This amount is part of the personal exemptions that taxpayers could claim for themselves and for dependents on their tax returns. Each year, the IRS adjusts the exemption based on inflation, and in 2009, the set amount was established at $3,650. Personal exemptions are significant because they reduce the taxpayer's adjusted gross income, thus lowering their overall tax liability. Understanding these historical figures is crucial for tax preparers, as it helps them accurately advise clients and prepare tax returns for prior years.