|
|
| 2009
deductions
and exemptions |
| The standard deductions for Single,
Head of Household and Married Filing Separate increases $250 for 2009. The standard deduction increases
$500
for Joint and Surviving spouses for 2009.
Also, there was a $150 increase for a personal exemption.
|
|
|
Standard Deduction
|
2009 |
2008
|
| Joint returns & surviving spouses |
$11,400 |
$10,900 |
| Married filing separately |
$5,700 |
$5,450 |
| Head of household |
$8,350 |
$8,000 |
| Single |
$5,700 |
$5,450 |
| The
standard deduction is increased by $1,100 for a married taxpayer
aged 65 or older or blind ($2,200 if both 65 and blind);
by $1,400 for a single taxpayer aged 65 or older or blind
($2,800
if both 65 and blind). |
|
| |
| |
| Personal Exemption |
2009 |
2008 |
| |
$3,650 |
$3,500 |
No
personal exemption is allowed to an individual who is eligible
to be claimed as a dependent on another taxpayer's return.
The tax benefit of the personal exemption is phased out for
higher income taxpayers. |
|
| |
|
