Standard Deductions/Personal Exemption for 2003 Tax Year

Personal exemption:$3,050 per person   (none if filing as a dependent)

Standard deduction:   if age 65/over; blind
MFJ, QW $9,500 + $950
HH $7,000 + $1,150
S $4,750 + $1,150
MFS $4,750 + $950
Dependent: greater of: ($750) or (earned income +$250)
  up to standard deduction


New for 2003 Other Tax Adjustments


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