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What A part time house cleaner made 9258.13 last year if he claimed himself as an exemption for 3650 and had 5700 standard deduction what was his taxable income last year?
you would have no money left
What is the standard deduction for a married couple over 65 years of age filing jointly for the 2017 tax year?
If you are not itemizing and you are *both* over age 65, then the standard deduction for the couple would be $15,200.00.
What is the maximum standard deduction this year for a person who is not claimed as a dependent by another person?
The standard deduction for the Single filing status for a person not claimed as a dependent by another person is $5,450 for 2008 tax returns. This deduction increases to $5,700 for 2009 tax returns. This is in addition to the personal exemption amount of $3,500 for 2008 tax returns [$3,650 for 2009].
How much is the IRS personal deduction?
For taxpayer using the single filing status the 2009 exemption amount is 3650 and the standard deduction amount is 5750 for a total amount of 9350 free of federal income tax for the tax year 2009.
How much can a widow earn before paying taxes?
A widow can earn up to the standard deduction amount before paying federal income taxes. For the tax year 2023, the standard deduction for a single filer is $13,850. However, if the widow qualifies as a head of household, the deduction increases to $20,800. It's essential to consider other factors, such as additional income sources or state tax regulations, which may affect the overall tax situation.
Jody changed his filing status on last year's tax return from Head of household to Single This resulted in what?
Her standard deduction went down. ~APEX by TonyMane.
What is the standard deduction for a child on my tax return?
The standard deduction for a child on your tax return is 1,100 for the 2021 tax year.
What is the standard deduction for a married couple filing jointly?
For the tax year 2021, the standard deduction for a married couple filing jointly is 25,100.
What is the standard deduction for children on federal tax returns?
The standard deduction for children on federal tax returns is 1,100 for the 2021 tax year.
What A part time house cleaner made 9258.13 last year if he claimed himself as an exemption for 3650 and had 5700 standard deduction what was his taxable income last year?
you would have no money left
What is the standard deduction amount for a married couple filing jointly?
For the tax year 2021, the standard deduction amount for a married couple filing jointly is 25,100.
What is the standard deduction amount for married couples filing jointly?
For married couples filing jointly, the standard deduction amount is 25,100 for the tax year 2021.
What is the standard deduction for kids and how does it impact their tax liability?
The standard deduction for kids is 1,100 for the 2021 tax year. This deduction reduces the amount of a child's income that is subject to taxation, lowering their overall tax liability.
I received a refund from my state taxes in 2009. Do I need to report this refund on my federal tax for 2010?
You do if you claimed your state income tax as a deduction last year. This is line 10 on form 1040 If you took the standard deduction, you don't.
How can I maximize my charitable contributions if I am taking the standard deduction in 2022?
If you are taking the standard deduction in 2022, you can maximize your charitable contributions by donating to qualified organizations, keeping track of your donations for tax purposes, and considering bundling donations in a single year to exceed the standard deduction threshold.
How do you adjust standard tax deduction when the person dies early?
You don't. The person is still entitled to their full standard deduction for the year they died on their federal return. State rules may vary.
What is the standard deduction for a married couple over 65 years of age filing jointly for the 2017 tax year?
If you are not itemizing and you are *both* over age 65, then the standard deduction for the couple would be $15,200.00.
