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Specialties - Deductions and Exemptions

2008 Deductions and Exemptions

Standard Deduction1

Deduction

Single

$5,450

Joint returns & surviving spouses

$10,900

Married filing separately

$5,450

Head of household

$8,000

Personal Exemption2

$3,500

1 The standard deduction is increased by $1,050 for a married taxpayer aged 65 or older or blind ($2,100 if both 65 and blind); by $1,350 for a single taxpayer aged 65 or older or blind ($2,700 if both 65 and blind).

2 No personal exemption is allowed to an individual who is eligible to be claimed as a dependent on another taxpayer’s return. Also, the tax benefit of the personal exemption is phased out for higher income taxpayers.

Contact Us

For more information about the services we offer, please contact us at (800) 382-1040.

 

 

Copyright © 2010 Royals Management Service, Inc.

 

RMS Accounting provides Tax, Accounting and Payroll Services. We are the tax preparer and payroll company you've been looking for. We will provide you the best IRS Representation. Our services include payroll tax preparation, irs tax preparation, 1040 tax preparation. Please contact us if you are interested in outsourcing payroll. RMS Accounting's quality service covers Fort Lauderdale, Pompano Beach, Coral Springs, Lighthouse Point, Miami, Broward, Palm Beach, Boca Raton, Deerfield Beach, Hillsboro Beach, Highland Beach, Sea Ranch Lakes, Sunrise, Hypoluxo, Hallandale, Kendall, Miami Lakes, Collier City, Lauderhill, Lauderdale by the Sea, Palm Beach Gardens, Juno, Jupiter, Hutchinson Island, Singer Island, Riviera Beach, Cooper City,Weston, Margate, Coconut Creek, Plantation, Hollywood, Hialeah, Florida, Tamarac, Miami, Broward County, Dade County, Palm Beach County, North Lauderdale,West Palm Beach, Lantana, Boynton, Delray Beach, North Palm Beach, Lake Worth, and near you!

RMS Accounting
2319 North Andrews Avenue
Fort Lauderdale, Florida 33311

Toll Free (800) 382-1040. Local (954) 563-1269.

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