Standard Deductions/Personal Exemption for 2007 Tax Year
| Personal exemption: | $3,400 per person
(none if filing as a dependent) |
||
| Standard deduction: | if age 65/over; blind | ||
| MFJ, QW | $10,700 | + $1,050 | |
| HH | $7,850 | + $1,300 | |
| S | $5,350 | + $1,300 | |
| MFS | $5,350 | + $1,300 | |
| Dependent: | greater of: ($850) or (earned income +$300)
up to standard deduction | ||
| New for 2007 | Other Tax Adjustments |
