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Personal and dependency exemptions $3,650 each person
Phase-out ranges: For tax years beginning after 2009, the rules phasing out personal exemptions of higher income taxpayers no longer apply. Congress could restore the phaseout in an effort to fund health care reform or other costly items. But, as of now, the rules terminate after this year.
Standard Deductions:
in lieu of itemizing deductions, standard deductions are available when more beneficial than itemized deductions.
| Single taxpayers |
$5,700 |
| Married filing jointly (1) |
$11,400 |
| Married filing separately |
$5,700 |
| Heads of households |
$8,400 |
| Dependents who need to file (but could be up to $5,700 depending on the amount of their earned income) |
$950 |
(1) includes surviving spouses
Taxpayers who are blind or age 65 and over may obtain an additional standard deduction of $1,100 if married (whether filing jointly or separately) or $1,400 if single or head of household. If a taxpayer is both blind and over age 65, double these amounts. |
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