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Standard Deductions and Exemptions

Description

2007

Personal / Dependent Exemption

$3,400

 

Standard Deductions

     

Joint or Qualifying Widow(er)

$10,700

Single

$5,350

Head of Household

$7,850

Married Filing Separately

$5,350

Additional for Elderly / Blind - Married

$1,050

Additional for Elderly / Blind - Unmarried

$1,300

Taxpayer Claimed as Dependent

$850

This information is believed to be correct and is based on publications available at the time of page construction. Tax laws are subject to change, limitations, interpretations and typographical errors. All individuals, businesses and other entities should consult their own tax advisors. We assume no responsibility for any information or links presented on this website. Reliance on the above is at your own risk.

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