Standard Deductions/Personal Exemption for 2006 Tax Year

Personal exemption:$3,300 per person   (none if filing as a dependent)

Standard deduction:   if age 65/over; blind
MFJ, QW $10,300 + $1,000
HH $7,550 + $1,250
S $5,150 + $1,250
MFS $5,150 + $1,000
Dependent: greater of: ($850) or (earned income +$300)
  up to standard deduction


New for 2006 Other Tax Adjustments


Ongoing Tax Laws