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What is an exemption?
The IRS defines an exemption as the amount you can claim to help reduce your taxable income. Basically, there are two types of exemptions: personal and dependent.
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Personal Finance Stories
Choosing investment adviser can be as tricky as picking stocks
MILWAUKEE - After one of the worst market downturns in history, some shell-shocked investors are looking to professionals to make investment decisions for them.
Reverse mortgages can be good source of money for elderly homeowners
Home equity loan avoids fees of refinancing mortgage
College grads beware: Many using credit checks to vet job candidates
Safer investments for retirees suffer under new tax law
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