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.
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