Saturday, January 13, 2007

2006 federal exemption & deductions

Personal exemption

$3,300

Personal exemption phase-outs

Joint return
$225,750 - $348,250

Head of household
$188,150 - $310,650

Single
$150,500 - $273,000

Married couple filing separately
$112,875 - $174,125

Standard Deductions

Married filling jointly or qualifying widow(er)
$10,300

Heads of households
$7,550

Singles
$5,150

Married filling separately
$5,150

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