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2010 Deductions And Exemptions

Standard Deduction 2009 2010
Joint returns & surviving spouses $11,400 $11,400
Married filing separately $5,700 $5,700
Head of household $8,350 $8,400
Unmarried $5,700 $5,700
     
Additional Standard Deductions for Elderly (Ages 65 & Older) &/or Blind Taxpayers 2009 2010
Married / Surviving Spouse $1,100 $1,100
Unmarried / Head of Household $1,400 $1,400
Standard Mileage Allowance $.55 $.55
     
Personal Exemption 2009 2010
  $3,650 $3,650

No personal exemption is allowed to an individual who is eligible to be claimed as a dependent on another taxpayer's return. The tax benefit of the personal exemption is phased out for higher income taxpayers. Taxpayers may not claim a dependency exemption for a dependant who is a student and who reaches the age of 24 during the tax year.
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