 |
Deductions and Exemptions |
|
Deductions and Exemptions |
|
|
|
Standard Deduction1 |
Deduction |
| Single |
$5,150
|
|
Joint returns & surviving spouses |
$10,300 |
| Married filing separately |
$5,150
|
|
Head of household |
$7,550 |
|
|
|
|
Personal Exemption2 |
$3,300 |
1 The standard deduction is increased by $1,000 for a married taxpayer aged 65 or older or blind ($2,000 if both 65 and blind); by $1,250 for a single taxpayer aged 65 or older or blind ($2,500 if both 65 and blind). |
| 2 No personal exemption is allowed to an individual who is eligible to be claimed as a dependent on another taxpayer’s return. Also, the tax benefit of the personal exemption is phased out for higher income taxpayers. |