Standard Deduction Federal

September 26th, 2009

Question: simple tax question (when you pay federal taxes)?

Can anyone please tell me how much is the standard deduction and personal exemption when you pay taxes in USA? In Puerto Rico, standard deduction is $3,150 and personal exemption is $3,000. But I believe in the States the amounts are bigger, no?

Answer: standard deduction for single is 5350, personal exemtption is 3400 for 2007

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Taxpayers should take note of new credits, deductions

New car buyers, home buyers, those who bought energy-efficient products and others can look forward to paying less taxes this year.

How Much are the Federal Income Tax Standard Deductions in 2009, 2010

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