Get IRS 1040 2010

For 2010, the standard deduction amounts are as follows (2011 Standard Deduction amounts, 2012 Standard Deduction amounts); Single- $5,700. Married Filing Jointly- $11,400. Head of Household- $8,400.

If you're the head of your household, it's $18,000. Individuals who are at least partially blind or at least 65 years old get a larger standard deduction. If you're single, you're married and filing separately or you're the head of household, it's $1,600.

The standard deduction amounts will increase to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly and surviving spouses. For 2019, the additional standard deduction amount for the aged or the blind is $1,300.

Dependents - If you can be claimed as a dependent by another taxpayer, your standard deduction for 2018 is limited to the greater of: (1) $1,050, or (2) your earned income plus $350 (but the total can't be more than the basic standard deduction for your filing status).

The married filing jointly standard deduction starts at $24,000. Add $1,300 if you were born before January 2, 1954. Add $1,300 if your jointly-filing spouse was born before January 2, 1954.

Standard deduction was reintroduced by the Finance Act 2018 (it was last available for the financial year 2004-05). However, this standard deduction of Rs 40,000 subsumed the tax-exempt transport allowance an annual figure of Rs 19,200 and the medical reimbursement that could be claimed up to Rs 15,000.

In 2019, it's $12,200 for single filers and married filers filing separately, $24,400 for married filers filing jointly and $18,350 for heads of household. The standard deduction reduces your taxable income.

2018 Standard Deduction Amounts $12,000 for single taxpayers. $12,000 for married taxpayers filing separately. $18,000 for heads of households. $24,000 for married taxpayers filing jointly.

The 2018 standard deductions are: * $12,000 if you are single or use married filing separate status (up from $6,350 for 2017). * $24,000 if you are a married joint-filer (up from $12,700). * $18,000 if you are a head of household (up from $9.350).

The standard deduction reduces your taxable income. ... In 2018 the standard deduction was $12,000 for single filers and married filers filing separately, $24,000 for married filers filing jointly and $18,000 for heads of household.

The standard deduction amounts will increase to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly and surviving spouses. For 2019, the additional standard deduction amount for the aged or the blind is $1,300.

Individuals who are at least partially blind or at least 65 years old get a larger standard deduction. If you're single, you're married and filing separately or you're the head of household, it's $1,600. If you're married and filing jointly or you qualify as a widow(er), it's worth $1,300.

To be clear, the child must be under 17 at the end of the year to claim the credit. For 2018, the recently passed GOP tax reform bill doubles the amount of the Child Tax Credit from $1,000 to $2,000 per qualifying child. In other words, if you have one child, you'll be able to claim a $2,000 credit.

Standard Deduction(p7) The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the larger of: $1,050, or. The individual's earned income plus $350, but not more than the regular standard deduction (generally $12,000).

A personal exemption is the amount by which is excluded your income for each taxpayer in your household and most dependents. Exempted income is simply not considered a part of your income. ... The standard deduction is the amount that you get to subtract from your taxable income.