Ads
related to: federal tax standard deduction 2008 singletaxpayerrelief.org has been visited by 10K+ users in the past month
Search results
Results From The WOW.Com Content Network
Under United States tax law, the standard deduction is a dollar amount that non-itemizers may ... 2008 [20] $5,450: $10,900 ... (maximum standard deduction for single ...
If all itemized deductions are added up and it is less than the standard deduction, the standard deduction is taken. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly. Personal exemption is a tax exemption in which the taxpayer may deduct an amount from their gross income for each dependent they claim ...
For the vast majority of tax filers, the standard deduction is the way to go. ... add up to more than the current standard deduction of $13,850 for a single filer and $27,700 for a married couple ...
Standard deduction: Individuals get a deduction from taxable income for certain personal expenses. An individual may claim a standard deduction. For 2021, the basic standard deduction was $12,550 for single individuals or married persons filing separately, $25,100 for a joint return or surviving spouse, and $18,800 for a head of household.
With each new year comes a new batch of tax rules and miscellaneous changes to the laws that taxpayers need to be aware of. There's no denying that the tax code in the United States is incredibly ...
The federal tax filing deadline for individuals has been extended to May 17, 2021. Quarterly estimated tax payments are still due on April 15, 2021. For additional questions and the latest ...