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 |