2005 Standard Deduction
Home Up Business Telephone Excise Tax Credit Individual Telephone Excise Tax Credit §179 Deduction Health Savings Accounts 2005 Retirement Plan Limits §199 Manufacturer Kiddie Tax Alternative Minimum Tax Capital Gains and Qualified Divi ROTH Designated §401 §179 And SUV's 2005 Standard Deduction Optional Sales Tax Deduction Vehicle Donations

 

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Up
Business Telephone Excise Tax Credit
Individual Telephone Excise Tax Credit
§179 Deduction
Health Savings Accounts
2005 Retirement Plan Limits
§199 Manufacturer
Kiddie Tax
Alternative Minimum Tax
Capital Gains and Qualified Divi
ROTH Designated §401
§179 And SUV's
2005 Standard Deduction
Optional Sales Tax Deduction
Vehicle Donations

 

 

2006 Standard Deduction

The IRS annually adjusts the standard deduction for inflation.  For 2006 the standard deduction is as follows:                   

Married filing joint and surviving spouse $10,300
Single taxpayers $5,150
Head of household $7,550
Married filing separately $5,150
Addition for elderly/blind - married $1,000
Addition for elderly/blind - single $1,250
Taxpayer claimed as dependent $   850