In 2021 Mike lost his job and the bank foreclosed on his principal residence after the sale of the property the unpaid balance of Mike's mortgage on the property was 889,000. the bank sequentially discharged the entire 889,000 as qualified principal residence indebtedness during the same year. Mike id single, How much of the income is excluded from Mike's income in 2021

Laura is filing a 2021 tax return and is calculating her personal exemptions. single and age 25 with no dependents how much is a 2021 personal exemption?