|
|
|
2010-2011
deductions
and exemptions |
| The standard deductions for Single,
Head of Household and Married Filing Separate increases $100 for 2011 from
2010. The standard deduction increases
$200
for Joint and Surviving spouses for 2009.
Also, there was a $50 increase for a personal exemption
for 2011
|
|
|
Standard Deduction
|
2011 |
2010
|
| Joint returns & surviving spouses |
$11,600 |
$11,400 |
|
Single/Married filing separately |
$5,800 |
$5,700 |
| Head of household |
$8,500 |
$8,400 |
|
The standard deduction increases to $1,150 in 2011 ($1,100
in 2010) for a married taxpayer
aged 65 or older or blind ($2,300 if both 65 and blind, in
2011); and increases to $1,450 in 2011 from $1,400 (2010) for a single taxpayer aged 65 or older or blind
($2,900
if both 65 and blind, in 2011). |
|
| |
| |
| Personal Exemption |
2011 |
2010 |
| |
$3,700 |
$3,650 |
| No
personal exemption is allowed to an individual who is eligible
to be claimed as a dependent on another taxpayer's return. |
|
| |
|
