Standard Deductions and Personal Exemptions
| 2004 | 2005 | |
| Married Individuals Filing Joint Returns | $9,700 | $10,000 |
| Single | $4,850 | $5,000 |
| Head of Household | $7,150 | $7,300 |
| Married Filing Seperately | $4,850 | $5,000 |
2004 - The standard deduction for an individual who may be claimed as a dependent
by another taxpayer may not exceed the greater of $800 or the sum of $250 and the individual's earned income.
The standard deduction for the aged and for the blind are $950 for each. These amounts are increased to
$1,200 in the individual is also unmarried and not a surviving spouse. 2005 - The standard deduction for an individual who may be claimed as a dependent by another
taxpayer may not exceed the greater of $800 or the sum of $250 and the individual's earned income. The
standard deduction for the aged and for the blind are $1,000 for each. These amounts are increased to
$1,250 if the individual is also unmarried and not a surviving spouse. Last modified 05/25/2005 |
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