A personal allowance: a. is indexed for inflation every calendar quarter. b. amounted to $2,000 in 2019. c. may be claimed at the same time with each employer for whom an employee is working during the year. d. may be claimed to reduce the amount of withholdings from the employee's earnings. e. for one person is a different amount for a single versus a married taxpayer.
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Home » Business » A personal allowance: a. is indexed for inflation every calendar quarter. b. amounted to $2,000 in 2019. c. may be claimed at the same time with each employer for whom an employee is working during the year. d.