Taxpayers with an adjusted gross income above a certain amount may lose part of the benefit of their exemptions. The amount at which the phaseout begins depends upon the filing status. For 2008, the phaseout begins at:

• Married Filing Separately - $119,975
• Head of Household - $199, 950
• Single - $159,950
• Married Filing Jointly or Qualifying Widow(er) - $239,950