Get higher personal exemptions and standard deductions in 2009
The IRS will announce later this week that all Personal Exemptions & Standard Deductions will INCREASE, and Tax Brackets will WIDEN in 2009.
PERSONAL EXEMPTIONS and exemptions for Dependents will increase to $3,650 in 2009 –
($150 higher than 2008).
STANDARD DEDUCTIONS also will increase in 2009. How much? Take a look…
- $11,400 for Married-filing-Jointly (a $500 increase)
- $ 5,700 for Married-filing-Separately ($250 above ‘08)
- $ 5,700 for Singles (up $250 over 2008)
- $ 8,350 for Heads of Household ($350 more than ‘08).
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© Copyright 2009, John A. Simpson. All Rights Reserved.
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