Standard Deduction - Basic Standard Deduction

Basic Standard Deduction

The applicable basic standard deduction amounts for tax years 2006-2012 are as follows:

Filing status
Year Single Married Filing Jointly Married Filing Separately Head of household Qualifying Surviving Spouse
2012 $5,950 $11,900 $5,950 $8,700 $11,900
2011 $5,800 $11,600 $5,800 $8,500 $11,600
2010 $5,700 $11,400 $5,700 $8,400 $11,400
2009 $5,700 $11,400 $5,700 $8,350 $11,400
2008 $5,450 $10,900 $5,450 $8,000 $10,900
2007 $5,350 $10,700 $5,350 $7,850 $10,700
2006 $5,150 $10,300 $5,150 $7,550 $10,300

Read more about this topic:  Standard Deduction

Famous quotes containing the words basic and/or standard:

    The basic tool for the manipulation of reality is the manipulation of words. If you can control the meaning of words, you can control the people who must use the words.
    Philip K. Dick (1928–1982)

    An indirect quotation we can usually expect to rate only as better or worse, more or less faithful, and we cannot even hope for a strict standard of more and less; what is involved is evaluation, relative to special purposes, of an essentially dramatic act.
    Willard Van Orman Quine (b. 1908)